Post Utme Elizade University 2022 Commerce Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2022 Commerce Objective / Multiple Choice
Question 34 POST_UTME_ELIZADE_UNIVERSITY • 2022 • 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. Which of the following is an example of a country that has a comparative advantage in producing a good?

Answer Options

A. A country with a large labor force and low wages
B. A country with a large land area and fertile soil
Correct Answer C. A country with a highly skilled workforce and advanced technology
D. A country with a small population and high standard of living
Correct Answer
C
Correct Option:
A country with a highly skilled workforce and advanced technology

About This Question

This is Post Utme Elizade University 2022 Commerce Question 34. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.

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