/ Quiz /

When the benefit of one particular use of a resource is greater…

  • Question 6c of 10 - Utility

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following?
  • Answers:
  1. Not scarce
  2. Being used efficiently
  3. A normal good
  4. Non-excludable

The correct answer is: Being used efficiently. When a resource is being put to its optimal use, there is no way to get a greater benefit out it.

      15 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *