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

Question

Quizplus · Accepted Answer

If a country has a lower opportunity cost of producing oranges, then it has a comparative advantage in producing oranges compared to other goods or services. This means the country is able to produce oranges at a lower cost (in terms of sacrificing the production of other goods), making it more efficient to specialize in producing oranges and trade with other countries for goods that it has a higher opportunity cost in producing. Therefore, it is a situation in which oranges should be exported.

If a Country Has a Lower Opportunity Cost of Producing