Country Z can produce pig iron (an intermediate product in the iron industry which is also called crude iron)more efficiently than any other product.Which type of advantage in pig iron does Country Z have?
A)Absolute advantage
B)National competitive advantage
C)Comparative advantage
D)Trade balance advantage
E)Resource advantage

Question

Quizplus · Accepted Answer

Country Z has a comparative advantage in pig iron because it can produce it more efficiently than any other product.

Country Z Can Produce Pig Iron (An Intermediate Product in the Iron