Post Utme Uniport 2020 Commerce Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 1 POST_UTME_UNIPORT • 2020 • 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 compared to other countries. Which of the following is a correct example of comparative advantage?

Answer Options

A. Country A producing more cars than Country B
B. Country A producing more wheat than Country B
C. Country A producing cars and Country B producing wheat
Correct Answer D. Country A producing wheat and Country B producing cars
Correct Answer
D
Correct Option:
Country A producing wheat and Country B producing cars

About This Question

This is Post Utme Uniport 2020 Commerce Question 1. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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