Post Utme Uniport 2024 Commerce Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice
Question 21 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

The concept of specialization in production is closely related to the idea of comparative advantage. Explain how a country can benefit from specialization in production, given its comparative advantage.

Answer Options

Correct Answer A. By producing goods and services that it can produce at a lower opportunity cost than other countries.
B. By producing goods and services that are in high demand in other countries.
C. By producing goods and services that are not produced by other countries.
D. By producing goods and services that are produced by other countries at a higher opportunity cost.
Correct Answer
A
Correct Option:
By producing goods and services that it can produce at a lower opportunity cost than other countries.

About This Question

This is Post Utme Uniport 2024 Commerce Question 21. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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