Post Utme Lead City University 2020 Commerce Question 43

Practice objective / multiple choice question 43 from the 2020 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2020 Commerce Objective / Multiple Choice
Question 43 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • 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 Lead City University 2020 Commerce Question 43. It is one of the objective questions from the 2020 Post Utme Lead City University Commerce examination.

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