Post Utme Bsu 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Bsu Commerce examination.

Post Utme Bsu 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_BSU • 2019 • 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 compared to other countries. Which of the following is a correct example of comparative advantage?

Answer Options

A. Nigeria producing cotton and importing textiles from China
Correct Answer B. Nigeria producing textiles and importing cotton from China
C. Nigeria producing both cotton and textiles domestically
D. Nigeria importing both cotton and textiles from China
Correct Answer
B
Correct Option:
Nigeria producing textiles and importing cotton from China

About This Question

This is Post Utme Bsu 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Bsu Commerce examination.

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