Post Utme Uniben 2025 Commerce Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Uniben Commerce examination.

Post Utme Uniben 2025 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2025 • COMMERCE • objective

The concept of comparative advantage in international trade suggests that a country should specialize in producing goods for which it has a lower opportunity cost compared to another country. What is the opportunity cost of producing a good?

Answer Options

Correct Answer A. The cost of producing the good in terms of other goods that could be produced instead
B. The cost of importing the good from another country
C. The cost of producing the good in terms of labor hours
D. The cost of producing the good in terms of raw materials
Correct Answer
A
Correct Option:
The cost of producing the good in terms of other goods that could be produced instead

About This Question

This is Post Utme Uniben 2025 Commerce Question 6. It is one of the objective questions from the 2025 Post Utme Uniben Commerce examination.

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