Post Utme Lasu 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice

Question 19 POST_UTME_LASU • 2018 • ECONOMICS • objective

U\sing the concept of comparative advantage, explain why a country may choose to specialize in producing a good even if it is not the most efficient producer.

A. The country wants to specialize in producing other goods.

Correct Answer B. The country has a comparative advantage in producing the good.

C. The country wants to increase its trade deficit.

D. The country wants to decrease its trade surplus.

Correct Answer

Correct Option:

The country has a comparative advantage in producing the good.

This is Post Utme Lasu 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support