Post Utme Bells University 2022 Economics Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Bells University Economics examination.

Post Utme Bells University 2022 Economics Objective / Multiple Choice
Question 16 POST_UTME_BELLS_UNIVERSITY • 2022 • ECONOMICS • objective

U\sing the concept of comparative advantage, explain why Nigeria should specialize in the production of agricultural products and import manufactured goods from other countries.

Answer Options

Correct Answer A. Nigeria has a comparative advantage in agricultural production due to its favorable climate and soil conditions.
B. Nigeria should specialize in manufacturing goods to reduce its reliance on imports.
C. Comparative advantage is not relevant in international trade.
D. Nigeria should focus on producing both agricultural and manufactured goods to achieve economic diversification.
Correct Answer
A
Correct Option:
Nigeria has a comparative advantage in agricultural production due to its favorable climate and soil conditions.

About This Question

This is Post Utme Bells University 2022 Economics Question 16. It is one of the objective questions from the 2022 Post Utme Bells University Economics examination.

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