According to the principal of comparative advantage, a country

Question

Quizplus · Accepted Answer

The principle of comparative advantage states that a country should specialize in and export the goods it can produce at the lowest opportunity cost (relative cost) and import goods it cannot produce efficiently. This allows both the importing and exporting countries to benefit from trade, as they can each obtain goods at a lower cost than if they had attempted to produce everything themselves. Therefore, choice C is the best answer as it aligns with the principle of comparative advantage.

According to the Principal of Comparative Advantage, a Country