Post Utme Redeemers University 2023 Commerce Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2023 Commerce Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • COMMERCE • objective

The concept of specialization is used to describe the process of a country or firm producing a specific good or service. Which of the following is a correct statement about specialization?

Answer Options

A. Specialization occurs when a country or firm produces a good or service that it is not good at producing
Correct Answer B. Specialization occurs when a country or firm produces a good or service that it is good at producing
C. Specialization occurs when a country or firm produces a good or service that it is indifferent about producing
D. Specialization occurs when a country or firm produces a good or service that it is not interested in producing
Correct Answer
B
Correct Option:
Specialization occurs when a country or firm produces a good or service that it is good at producing

About This Question

This is Post Utme Redeemers University 2023 Commerce Question 39. It is one of the objective questions from the 2023 Post Utme Redeemers University Commerce examination.

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