Post Utme Ims U 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2017 • 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

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

About This Question

This is Post Utme Ims U 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

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