One of the major reasons why the United States exports jet airplanes is because Boeing faces ________ opportunity cost than firms in other nations in the production of such aircraft.

Question

Quizplus · Accepted Answer

A lower opportunity cost means that Boeing can produce jet airplanes at a lower cost or with more efficiency compared to firms in other nations. This gives them a competitive advantage in the global market, which leads to higher exports.

One of the Major Reasons Why the United States Exports