Post Utme Lautech 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Lautech Commerce examination.

Post Utme Lautech 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_LAUTECH • 2019 • COMMERCE • objective

The concept of comparative advantage is based on the idea that countries should specialize in producing goods for which they have a

Answer Options

A. absolute advantage
Correct Answer B. comparative advantage
C. opportunity cost
D. law of diminishing returns
Correct Answer
B
Correct Option:
comparative advantage

About This Question

This is Post Utme Lautech 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Lautech Commerce examination.

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