If Germany can produce cars at a lower opportunity cost than any other nation,Germany is said to have a(n)________ in the production of cars.

Question

Quizplus · Accepted Answer

If Germany can produce cars at a lower opportunity cost than any other nation, it means that Germany has a comparative advantage in the production of cars. This means that Germany can produce cars more efficiently than other countries, and so it can sell cars at a lower cost or produce more cars with the same resources.

If Germany Can Produce Cars at a Lower Opportunity Cost