_________ is the benefit a country has in a given industry if it can make products at a lower opportunity cost than other countries.
A)Absolute advantage
B)Service differentiation
C)Product differentiation
D)Comparative advantage

Question

Quizplus · Accepted Answer

Comparative advantage is the benefit a country has in a given industry or product if it can produce it at a lower opportunity cost than other countries. This means that a country can specialize in producing the goods where they have a comparative advantage and then trade with other countries to obtain goods in which other countries have a comparative advantage. This can lead to increased efficiency and overall gains from trade.

_________ Is the Benefit a Country Has in a Given