It is possible for one country to have a comparative advantage in the production of all products.

Question

Quizplus · Accepted Answer

It is highly unlikely for one country to have a comparative advantage in all products due to various reasons such as resource availability, technology, labor skills and expertise, and market demand. Countries usually specialize in producing goods and services for which they have the comparative advantage, and trade with other countries for goods that they cannot efficiently produce themselves.

It Is Possible for One Country to Have a Comparative