Specialization according to comparative advantage means that a country is producing the goods:
A) that it wants to consume.
B) for which it has a relatively high opportunity cost.
C) for which it has a relatively low opportunity cost.
D) that it can produce at zero cost.

Question

Quizplus · Accepted Answer

Specialization according to comparative advantage means producing goods for which a country has a relatively low opportunity cost, allowing it to trade for other goods more efficiently.

Specialization According to Comparative Advantage Means That a Country Is