Post Utme Uniben 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Uniben Commerce examination.

Post Utme Uniben 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNIBEN • 2024 • COMMERCE • objective

A firm specializes in producing a particular good. This specialization leads to an increase in the firm's productivity. What is the term for this phenomenon?

Answer Options

A. Economies of scale
Correct Answer B. Division of labor
C. Comparative advantage
D. Opportunity cost
Correct Answer
B
Correct Option:
Division of labor

About This Question

This is Post Utme Uniben 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Uniben Commerce examination.

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