If a country has a lower opportunity cost of producing oranges, then this is:

Question

Quizplus · Accepted Answer

When a country has a lower opportunity cost of producing oranges, it means that they have a comparative advantage in producing oranges. This is because they give up less of other goods and services to produce oranges compared to other countries. Therefore, it would be more efficient for them to specialize in producing oranges and trade with other countries for goods that they have a higher opportunity cost of producing.

If a Country Has a Lower Opportunity Cost of Producing