Post Utme Christopher University 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • 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 cotton and importing textiles
Correct Answer B. Nigeria producing textiles and importing cotton
C. Nigeria producing both cotton and textiles
D. Nigeria importing both cotton and textiles
Correct Answer
B
Correct Option:
Nigeria producing textiles and importing cotton

About This Question

This is Post Utme Christopher University 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.

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