Post Utme Rsu 2024 Commerce Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 31 POST_UTME_RSU • 2024 • COMMERCE • objective

The concept of specialization in production is closely related to the idea of comparative advantage. Explain how a country can benefit from specializing in the production of a particular good, even if it is not the most efficient producer of that good.

Answer Options

Correct Answer A. By exporting the good and importing other goods that it is more efficient at producing
B. By investing in research and development to improve its production efficiency
C. By imposing tariffs on imports to protect its domestic industry
D. By devaluing its currency to make its exports cheaper
Correct Answer
A
Correct Option:
By exporting the good and importing other goods that it is more efficient at producing

About This Question

This is Post Utme Rsu 2024 Commerce Question 31. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

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