Post Utme Lead City University 2020 Commerce Question 49

Practice objective / multiple choice question 49 from the 2020 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2020 Commerce Objective / Multiple Choice
Question 49 POST_UTME_LEAD_CITY_UNIVERSITY • 2020 • COMMERCE • objective

The concept of comparative advantage is related to 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 49. It is one of the objective questions from the 2020 Post Utme Lead City University Commerce examination.

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