A country's ability to produce a specific good with fewer resources than another country determines whether it has a comparative advantage in producing the good.

Name: A country's ability to produce a specific good with fewer resources than another country determines whether it has a comparative advantage in producing the good.
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Question

Quizplus · Accepted Answer

Comparative advantage is determined by a country's ability to produce a good at a lower opportunity cost than another country, not necessarily with fewer resources.

A Country's Ability to Produce a Specific Good with Fewer