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

Question

Tristen Byrd

Social Studies

2 October, 20:18

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

+1

Answers (2)

Know the Answer?

Kline · Answer 1

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.

Jordin Cannon · Answer 2

Jordin Cannon 2 October, 20:22

0

Answer: i have no idea