Post Utme Mountain Top University 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

The concept of comparative advantage suggests that a country should specialize in producing goods for which it has 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 Mountain Top University 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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