Waec 2023 Economics Question 47

Practice objective / multiple choice question 47 from the 2023 Waec Economics examination. This question covers Economics .

Waec 2023 Economics Objective / Multiple Choice 2 Difficulty

Topic: Economics

Question 47 WAEC • 2023 • ECONOMICS • objective

Country M enjoys absolute advantage over country N in the production of commodities X and Y if

A. country M can produce only commodity Y cheaper than country N.

Correct Answer B. country M is more efficient than country N in producing both commodities X and Y.

C. country M is inefficient in the production of both commodities X and Y.

D. country N is efficient in the production of both goods.

Correct Answer

Correct Option:

country M is more efficient than country N in producing both commodities X and Y.

This is Waec 2023 Economics Question 47. It is one of the objective questions from the 2023 Waec Economics examination.

The question covers Economics .

Difficulty level: 2 .

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