Post Utme Crawford University 2020 Commerce Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2020 Commerce Objective / Multiple Choice
Question 31 POST_UTME_CRAWFORD_UNIVERSITY • 2020 • COMMERCE • objective

The concept of 'Gresham's Law' in international trade refers to the tendency for bad money to drive out good money. Which of the following best describes the underlying principle of this phenomenon?

Answer Options

A. The law of supply and demand
B. The law of comparative advantage
C. The law of diminishing returns
Correct Answer D. The law of increasing opportunity cost
Correct Answer
D
Correct Option:
The law of increasing opportunity cost

About This Question

This is Post Utme Crawford University 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Crawford University Commerce examination.

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