Post Utme Babcock University 2019 Economics Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 21 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • 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 is a correct example of comparative advantage?

Answer Options

A. Nigeria producing more oil than the United States
Correct Answer B. Nigeria producing more cotton than the United States
C. Nigeria producing more wheat than the United States
D. Nigeria producing more automobiles than the United States
Correct Answer
B
Correct Option:
Nigeria producing more cotton than the United States

About This Question

This is Post Utme Babcock University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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