Post Utme Joseph Ayo Babalola University 2020 Economics Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of international trade in economics implies the exchange of goods and services between countries. Which of the following statements best describes the concept of comparative advantage?

Answer Options

Correct Answer A. A country should produce goods and services in which it has a comparative advantage.
B. A country should produce goods and services in which it has a comparative disadvantage.
C. A country should produce goods and services in which it has a absolute advantage.
D. A country should produce goods and services in which it has a absolute disadvantage.
Correct Answer
A
Correct Option:
A country should produce goods and services in which it has a comparative advantage.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 38. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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