Post Utme Joseph Ayo Babalola University 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A firm specializes in producing only one good. This specialization is an example of which of the following?

Answer Options

A. Division of Labor
B. Economies of Scale
Correct Answer C. Comparative Advantage
D. Opportunity Cost
Correct Answer
C
Correct Option:
Comparative Advantage

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

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