Post Utme Ksu 2023 Commerce Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Ksu Commerce examination.

Post Utme Ksu 2023 Commerce Objective / Multiple Choice
Question 16 POST_UTME_KSU • 2023 • COMMERCE • objective

The concept of specialization in production is closely related to the idea of comparative advantage. Explain how a country can benefit from specializing in the production of a particular good, even if it is not the most efficient producer of that good.

Answer Options

Correct Answer A. By exporting the good and importing other goods that it is more efficient at producing.
B. By investing in research and development to improve its production efficiency.
C. By implementing protectionist trade policies to limit imports.
D. By increasing its domestic consumption of the good.
Correct Answer
A
Correct Option:
By exporting the good and importing other goods that it is more efficient at producing.

About This Question

This is Post Utme Ksu 2023 Commerce Question 16. It is one of the objective questions from the 2023 Post Utme Ksu Commerce examination.

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