Post Utme Redeemers University 2024 Commerce Question 6

Practice objective / multiple choice question 6 from the 2024 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2024 Commerce Objective / Multiple Choice
Question 6 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • 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 a correct example of comparative advantage?

Answer Options

A. Country A producing 100 units of wheat and 50 units of cloth
B. Country B producing 100 units of wheat and 50 units of cloth
C. Country A producing 100 units of wheat and 100 units of cloth
Correct Answer D. Country B producing 50 units of wheat and 100 units of cloth
Correct Answer
D
Correct Option:
Country B producing 50 units of wheat and 100 units of cloth

About This Question

This is Post Utme Redeemers University 2024 Commerce Question 6. It is one of the objective questions from the 2024 Post Utme Redeemers University Commerce examination.

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