ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
There are ____ in the world which means there are only so many video games, bikes and so on at one moment.
A
producers
B
consumers
C
limited resources
D
None of the above
Explanation: 

Detailed explanation-1: -The very first video game ever invented involved simple table tennis. Today, there are over five million games in existence.

Detailed explanation-2: -What is this? Minecraft has sold over 176 million copies across multiple platforms. It is the best-selling and most popular video game of all time!

Detailed explanation-3: -According to a survey of internet audiences in the third quarter of 2022, 81.9 percent of global internet users played video games on any device. The Philippines had the highest video gaming usage reach, ranking first with a gaming penetration of 95.8 percent.

There is 1 question to complete.