Post Utme Nile University 2017 Commerce Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 16 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • 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 a correct example of comparative advantage?

Answer Options

A. Nigeria producing oil and importing food
Correct Answer B. Nigeria producing food and importing oil
C. Nigeria producing both oil and food
D. Nigeria producing neither oil nor food
Correct Answer
B
Correct Option:
Nigeria producing food and importing oil

About This Question

This is Post Utme Nile University 2017 Commerce Question 16. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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