A country with a lower relative cost of production of a particular good has a(n) _______ advantage and it is likely to _______ this good.

Question

Quizplus · Accepted Answer

According to the principle of comparative advantage, a country should specialize in producing goods that it can produce at a lower opportunity cost than other countries. This means that if a country has a lower relative cost of production for a particular good, it has a comparative advantage and is likely to export that good. Therefore, the correct answer is C, comparative advantage and export.

A Country with a Lower Relative Cost of Production of a Particular