Country Z can produce pig iron more efficiently than any other goods.Country Z has a ________ in pig iron.
A) absolute advantage
B) national competitive advantage
C) comparative advantage
D) monopolistic advantage

Question

Quizplus · Accepted Answer

Country Z has a comparative advantage in pig iron because it can produce it more efficiently compared to other goods, meaning it has a lower opportunity cost in producing pig iron relative to other goods.

Country Z Can Produce Pig Iron More Efficiently Than Any