For an economy which last year produced only two commodities X and Y, the real…

Economics JAMB 1992

For an economy which last year produced only two commodities X and Y, the real cost of the quantity of X which it produced can be measured by the?

  • amount of X it could not produced
  • amount of Y it produced
  • total amount of Y it could have produced checkmark
  • extra amount of Y it could have produced

The correct answer is: C

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