Post Utme Madonna University 2017 Commerce Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2017 Commerce Objective / Multiple Choice

Question 31 POST_UTME_MADONNA_UNIVERSITY • 2017 • COMMERCE • objective

A firm specializes in producing only one good. This specialization is an example of which of the following?

Answer Options

Correct Answer A. Division of Labor

B. Economies of Scale

C. Comparative Advantage

D. Opportunity Cost

Correct Answer

Correct Option:

Division of Labor

About This Question

This is Post Utme Madonna University 2017 Commerce Question 31. It is one of the objective questions from the 2017 Post Utme Madonna University Commerce examination.

View More Post Utme Madonna University 2017 Commerce Questions More Post Utme Madonna University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support