CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 27 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 27
Topic #: 1

According to the principle of comparative advantage which of the following explains how country V may benefit from international trade?

ASpecialisation and international trade will only be successful if tariffs are used to protect country V's economy.

BJobs historically done by country V's nationals have been off-shored to countries with cheaper labour costs.

CCountry V can specialise in exporting oil which it can produce relatively cheaply, and import goods.

DCountry V will only benefit from international trade if another country loses.

Show Suggested Answer

Suggested Answer: C

by Lonna at May 04, 2022, 02:32 PM

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