Post Utme Redeemers University 2023 Commerce Question 43

Practice objective / multiple choice question 43 from the 2023 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2023 Commerce Objective / Multiple Choice

Question 43 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

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

N/A

About This Question

This is Post Utme Redeemers University 2023 Commerce Question 43. It is one of the objective questions from the 2023 Post Utme Redeemers University Commerce examination.

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