Post Utme Uniport 2021 Commerce Question 21

Practice objective / multiple choice question 21 from the 2021 Post Utme Uniport Commerce examination.

Post Utme Uniport 2021 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2021 • COMMERCE • objective

The concept of specialization in production is closely related to the idea of comparative advantage. Explain how a country can benefit from specializing in the production of a good in which it has a comparative advantage.

Answer Options

Correct Answer A. By producing the good at a lower opportunity cost than other countries.
B. By producing the good at a higher opportunity cost than other countries.
C. By producing the good at the same opportunity cost as other countries.
D. By producing the good at a negative opportunity cost.
Correct Answer
A
Correct Option:
By producing the good at a lower opportunity cost than other countries.

About This Question

This is Post Utme Uniport 2021 Commerce Question 21. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.

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