Post Utme Achievers University 2018 Economics Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice
Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

The concept of international trade is closely related to the concept of comparative advantage. Which of the following is a correct example of comparative advantage?

Answer Options

Correct Answer A. A country has a lower opportunity \cost of producing a good than another country.
B. A country has a higher opportunity \cost of producing a good than another country.
C. A country has a lower price of producing a good than another country.
D. A country has a higher price of producing a good than another country.
Correct Answer
A
Correct Option:
A country has a lower opportunity \cost of producing a good than another country.

About This Question

This is Post Utme Achievers University 2018 Economics Question 25. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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