Post Utme Mountain Top University 2020 Economics Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 31 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

The concept of comparative advantage in international trade is based on the idea that countries should specialize in producing goods for which they have a lower opportunity \cost. Which of the following is an example of a country that has a comparative advantage in producing a good?

Answer Options

Correct Answer A. A country with a lower labor \cost
B. A country with a higher labor \cost
C. A country with a lower capital \cost
D. A country with a higher capital \cost
Correct Answer
A
Correct Option:
A country with a lower labor \cost

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 31. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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