A country enjoys a comparative advantage in the production of a good if that good can be produced at a lower cost in terms of other goods.

Name: A country enjoys a comparative advantage in the production of a good if that good can be produced at a lower cost in terms of other goods.
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Question

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A country has a comparative advantage in producing a good if it can produce it at a lower opportunity cost compared to other countries, meaning it sacrifices less of other goods to produce it.

A Country Enjoys a Comparative Advantage in the Production of a Good