Bregonia, a European nation, is able to produce its consumer goods at a lower opportunity cost than its rival nation, Plakeburn. Given this information, it is most likely that Bregonia has a(n) _____ over Plakeburn.

Question

Quizplus · Accepted Answer

Bregonia's ability to produce consumer goods at a lower opportunity cost than Plakeburn indicates a comparative advantage. This concept refers to a country's ability to produce a particular good or service at a lower opportunity cost than its trading partners.

Bregonia, a European Nation, Is Able to Produce Its Consumer