Post Utme Redeemers University 2021 Geography Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Redeemers University Geography examination.

Post Utme Redeemers University 2021 Geography Objective / Multiple Choice
Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • GEOGRAPHY • objective

The economic concept that refers to the idea that countries should specialize in producing goods for which they have a comparative advantage is known as?

Answer Options

A. Law of diminishing returns
B. Law of supply and demand
Correct Answer C. Comparative advantage
D. Opportunity cost
Correct Answer
C
Correct Option:
Comparative advantage

About This Question

This is Post Utme Redeemers University 2021 Geography Question 38. It is one of the objective questions from the 2021 Post Utme Redeemers University Geography examination.

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