The concept of comparative advantage makes the assumption that everyone will be better offa) producing enough of a specific final good to export.

b. producing the products they produce relatively best.

c. producing enough of a good to consume domestically with enough to export.

d. producing only products they can produce with greater output than any other country.

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SAT

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1 October, 13:59

The concept of comparative advantage makes the assumption that everyone will be better offa) producing enough of a specific final good to export.

b. producing the products they produce relatively best.

c. producing enough of a good to consume domestically with enough to export.

d. producing only products they can produce with greater output than any other country.

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Jerry Weaver · Answer 1

One of the concepts of a comparative advantage is the first option that is "producing enough of a specific final good to export." In addition, the principles of the comparative advantage mainly answer that question of "Is it possible for specialisation and trade to increase the total output of traded goods?."