Post Utme Lautech 2020 Commerce Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Lautech Commerce examination.

Post Utme Lautech 2020 Commerce Objective / Multiple Choice
Question 9 POST_UTME_LAUTECH • 2020 • COMMERCE • objective

A country has a comparative advantage in producing wheat, but a disadvantage in producing rice. What is the opportunity cost of producing wheat?

Answer Options

Correct Answer A. The opportunity cost of producing wheat is the amount of rice that could be produced instead.
B. The opportunity cost of producing wheat is the amount of wheat that could be produced instead.
C. The opportunity cost of producing wheat is the amount of wheat that could be produced in another country.
D. The opportunity cost of producing wheat is the amount of rice that could be produced in another country.
Correct Answer
A
Correct Option:
The opportunity cost of producing wheat is the amount of rice that could be produced instead.

About This Question

This is Post Utme Lautech 2020 Commerce Question 9. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.

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