Post Utme Osustech 2022 Commerce Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Osustech Commerce examination.

Post Utme Osustech 2022 Commerce Objective / Multiple Choice
Question 31 POST_UTME_OSUSTECH • 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. 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 large labor force and low wages
B. A country with a small labor force and high wages
C. A country with a large land area and fertile soil
D. A country with a small land area and poor soil
Correct Answer
A
Correct Option:
A country with a large labor force and low wages

About This Question

This is Post Utme Osustech 2022 Commerce Question 31. It is one of the objective questions from the 2022 Post Utme Osustech Commerce examination.

View More Post Utme Osustech 2022 Commerce Questions More Post Utme Osustech 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