Post Utme Lautech 2025 Commerce Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Lautech Commerce examination.

Post Utme Lautech 2025 Commerce Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2025 • 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, given its relative efficiency in producing that good compared to other countries.

Answer Options

Correct Answer A. By producing a good at a lower opportunity cost than other countries
B. By producing a good at a higher opportunity cost than other countries
C. By producing a good at the same opportunity cost as other countries
D. By producing a good at a lower price than other countries
Correct Answer
A
Correct Option:
By producing a good at a lower opportunity cost than other countries

About This Question

This is Post Utme Lautech 2025 Commerce Question 21. It is one of the objective questions from the 2025 Post Utme Lautech Commerce examination.

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