Post Utme Abu 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Abu Commerce examination.

Post Utme Abu 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_ABU • 2018 • COMMERCE • objective

The concept of comparative advantage in international trade is based on the idea that countries should specialize in producing goods for which they have a lower opportunity cost. Which of the following statements best describes the opportunity cost of a country?

Answer Options

Correct Answer A. The amount of labor required to produce a good
B. The amount of capital required to produce a good
C. The amount of resources required to produce a good
D. The amount of time required to produce a good
Correct Answer
A
Correct Option:
The amount of labor required to produce a good

About This Question

This is Post Utme Abu 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.

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