Countries export goods in which they have

Name: Countries export goods in which they have
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Countries export goods in which they have a comparative advantage, meaning they can produce the good at a lower opportunity cost compared to other countries. This allows them to specialize in that good and trade with other countries for goods in which the other country has a comparative advantage. The other options do not accurately describe the reasons for exporting goods.

Countries Export Goods in Which They Have