Post Utme Nile University 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Nile University Commerce examination.

Post Utme Nile University 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_NILE_UNIVERSITY • 2022 • 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 compared to other countries. Which of the following is a correct example of comparative advantage?

Answer Options

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

About This Question

This is Post Utme Nile University 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.

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