Post Utme Skyline University 2017 Economics Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2017 Economics Objective / Multiple Choice
Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ECONOMICS • objective

U\sing the concept of comparative advantage, explain why a country should specialize in producing goods for which it has a lower opportunity \cost.

Answer Options

A. Because the country will be able to produce more goods at a lower \cost.
Correct Answer B. Because the country will be able to produce goods for which it has a comparative advantage.
C. Because the country will be able to export goods for which it has a comparative advantage.
D. Because the country will be able to import goods for which it has a comparative disadvantage.
Correct Answer
B
Correct Option:
Because the country will be able to produce goods for which it has a comparative advantage.

About This Question

This is Post Utme Skyline University 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Skyline University Economics examination.

View More Post Utme Skyline University 2017 Economics Questions More Post Utme Skyline University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support