Post Utme Ui 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UI • 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. Nigeria producing textiles and importing food
Correct Answer B. Nigeria producing food and importing textiles
C. Nigeria producing both textiles and food
D. Nigeria producing neither textiles nor food
Correct Answer
B
Correct Option:
Nigeria producing food and importing textiles

About This Question

This is Post Utme Ui 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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