The concept of comparative advantage in international trade is based on _ as opposed to absolute costs.

Name: The concept of comparative advantage in international trade is based on _ as opposed to absolute costs.
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Comparative advantage is based on opportunity costs, which refers to the cost of forgoing the next best alternative when making a decision. It explains how countries can benefit from trade by specializing in the production of goods for which they have a lower opportunity cost.

The Concept of Comparative Advantage in International Trade Is Based