When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it does any other good, it is said to have a(n) ________.

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When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it does any other good, it is said to have a comparative advantage. This means that the country can specialize in producing that particular good and trade with other countries for goods that they cannot produce as efficiently. This theory of comparative advantage is a key principle in international trade.

When a Country Is Not Able to Produce a Good