A nation's comparative advantage is determined by

Name: A nation's comparative advantage is determined by
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Question

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Comparative advantage is determined by the opportunity cost of producing an item relative to a trading partner's opportunity cost of producing the same item. This means that a nation will specialize in producing the goods that have relatively lower opportunity costs compared to their trading partner, and trade these goods for the ones that have relatively higher opportunity costs.

A Nation's Comparative Advantage Is Determined by