Post Utme Ims U 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

The concept of comparative advantage is a fundamental principle in international trade, which states 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

Correct Answer A. Country A has a lower opportunity \cost of producing good X compared to country B
B. Country A has a higher opportunity \cost of producing good X compared to country B
C. Country A has a lower opportunity \cost of producing good Y compared to country B
D. Country A has a higher opportunity \cost of producing good Y compared to country B
Correct Answer
A
Correct Option:
Country A has a lower opportunity \cost of producing good X compared to country B

About This Question

This is Post Utme Ims U 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

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