Post Utme Ksu 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Ksu Commerce examination.

Post Utme Ksu 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_KSU • 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

A. Country A producing 100 units of wheat and 50 units of cloth
B. Country B producing 50 units of wheat and 100 units of cloth
Correct Answer C. Country A producing 50 units of wheat and 100 units of cloth
D. Country B producing 100 units of wheat and 50 units of cloth
Correct Answer
C
Correct Option:
Country A producing 50 units of wheat and 100 units of cloth

About This Question

This is Post Utme Ksu 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Ksu Commerce examination.

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