Is a country's ability to produce a good at a lower opportunity cost than another country can

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Social Studies

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18 June, 20:52

Is a country's ability to produce a good at a lower opportunity cost than another country can

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Bradyn Villegas · Answer 1

Bradyn Villegas 18 June, 21:28

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Answer: i have no idea

Rollie · Answer 2

Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another. Even if one country has an absolute advantage in producing all goods, different countries could still have different comparative advantages.