When one country can produce a product at a ________ cost in terms of other goods, that country is said to have a(n) ________ advantage.
A) higher; comparative
B) lower; comparative
C) lower; absolute
D) higher; absolute

Question

Quizplus · Accepted Answer

A country has a comparative advantage when it can produce a product at a lower opportunity cost in terms of other goods compared to other countries.

When One Country Can Produce a Product at a ________