Even though the United States manufactures textiles,China is able to produce them more efficiently.Thus,China has a(n)________________ in manufacturing textiles.

Question

Quizplus · Accepted Answer

Comparative advantage refers to a country's ability to produce a particular good at a lower opportunity cost than another country. In this case, China has a comparative advantage in manufacturing textiles because it can produce them more efficiently than the United States. This allows China to produce more textiles at a lower cost, making it a more competitive and cost-effective option for buyers.

Even Though the United States Manufactures Textiles,China Is Able to Produce