Post Utme Uniosun 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2021 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2021 • COMMERCE • objective

The concept of specialization in production refers to the process by which a country focuses on producing a limited range of goods and services in which it has a comparative advantage. What is the primary benefit of specialization in production?

Answer Options

A. Increased productivity
B. Improved quality of goods
Correct Answer C. Reduced production costs
D. Increased trade deficits
Correct Answer
C
Correct Option:
Reduced production costs

About This Question

This is Post Utme Uniosun 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Uniosun Commerce examination.

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