If two countries each produce wool and cotton,we know that the country with the comparative advantage in cotton will also have a lower

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According to the theory of comparative advantage, a country should specialize in producing the good in which it has a lower opportunity cost. The opportunity cost is the amount of one good that must be given up to produce one unit of the other good. Therefore, if a country has a comparative advantage in producing cotton, it means that it must give up fewer units of wool to produce one unit of cotton compared to the other country. This implies that the country with the comparative advantage in cotton has a lower opportunity cost to produce cotton.

If Two Countries Each Produce Wool and Cotton,we Know That