Post Utme Delsu 2024 Economics Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Delsu Economics examination.

Post Utme Delsu 2024 Economics Objective / Multiple Choice

Question 21 POST_UTME_DELSU • 2024 • ECONOMICS • objective

The concept of comparative advantage is a fundamental principle in international trade theory. Which of the following is a correct statement about comparative advantage?

Correct Answer A. Comparative advantage refers to the ability of a country to produce a good at a lower opportunity \cost than another country.

B. Comparative advantage refers to the ability of a country to produce a good at a higher opportunity \cost than another country.

C. Comparative advantage refers to the ability of a country to produce a good at the same opportunity \cost as another country.

D. Comparative advantage refers to the ability of a country to produce a good at a lower price than another country.

Correct Answer

Correct Option:

Comparative advantage refers to the ability of a country to produce a good at a lower opportunity \cost than another country.

This is Post Utme Delsu 2024 Economics Question 21. It is one of the objective questions from the 2024 Post Utme Delsu Economics examination.

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