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Specialization often improves economic performance because it?

Economics
JAMB 1998

Specialization often improves economic performance because it?
  • A. permits exploitation of economies of scale
  • B. incorporates external economies
  • C. is based on the law of variable proportions
  • D. allocates resources according to absolute advantage
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now