Countries tend to export different goods and services because of:

Question

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Comparative advantage refers to the ability of a country to produce a particular good or service at a lower opportunity cost than other countries. Therefore, countries tend to specialize in producing goods and services that they have a comparative advantage in and export them to other countries, while importing goods and services that they have a comparative disadvantage in. This results in a diverse range of exports among countries, based on their respective comparative advantages.

Countries Tend to Export Different Goods and Services Because Of