Comparative advantage is the ability of a country to produce a good at a ________ opportunity cost relative to other countries.

Question

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Comparative advantage is the ability of a country to produce a good at a lower opportunity cost relative to other countries. This means that a country can produce a good or service at a lower cost (in terms of other goods or services that could have been produced instead) compared to other countries, allowing for greater efficiency and trade opportunities.

Comparative Advantage Is the Ability of a Country to Produce