WAEC Economics 2013 Objective — Question 1
Question 1 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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The action of government to forgo road construction in order to provide more health facilities denotes
- A. sound economic decision
- B. opportunity costCorrect
- C. practicable government policy
- D. scale of preference
Explanation
Opportunity cost is the best alternative forgone. Here, road construction is forgone for health facilities.
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