The country with a comparative advantage in the production of a good has a

Question

Quizplus · Accepted Answer

The country with a comparative advantage in the production of a good has a lower opportunity cost of production compared to other countries. This means that they can produce more of a particular good at a lower cost compared to other countries. Therefore, the production possibilities frontier is steeper for other countries, indicating a higher opportunity cost of production.

The Country with a Comparative Advantage in the Production of a Good