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In foreign trade, a country specializes in the production of a commodity in which it...

Commerce
WAEC 1992
In foreign trade, a country specializes in the production of a commodity in which it has?
  • A. high production potentials
  • B. the greatest relative advantage
  • C. a large market
  • D. political influence
  • E. the highest relative cost
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now