Venezuela can grow and sell cut flowers for floral bouquets more easily and more cheaply than most other countries can produce the same flowers. When it comes to flowers, Venezuela has which of the following?

Question

Quizplus · Accepted Answer

Venezuela has a comparative advantage in growing and selling cut flowers because it can produce them at a lower opportunity cost than other countries. This means that even if another country may be able to produce more flowers or at a lower cost, Venezuela can still sell its flowers for a lower price and/or make a greater profit than if it were to produce something else.

Venezuela Can Grow and Sell Cut Flowers for Floral Bouquets