By definition, every country has a(n) ____ advantage in some product.
A) relative
B) absolute
C) comparative
D) superior
E) inferior

Question

Quizplus · Accepted Answer

The term used in the question about having an advantage in a product points towards the concept of comparative advantage, where a country can produce a particular good or service at a lower opportunity cost than another country. Therefore, the correct answer is option C, comparative advantage.

By Definition, Every Country Has A(n) ____ Advantage in Some