_____ occurs when a country cannot produce a product more efficiently than the other country however, it can produce that product better and more efficiently than it does other goods.

Question

Quizplus · Accepted Answer

Comparative advantage occurs when a country can produce a good at a lower opportunity cost than another country, even if it does not have an absolute advantage in producing that good. This concept suggests that countries should specialize in producing goods where they have a comparative advantage and trade for other goods.

_____ Occurs When a Country Cannot Produce a Product More