If a country has a lower opportunity cost in producing a good than its trading partners,then it has:

Name: If a country has a lower opportunity cost in producing a good than its trading partners,then it has:
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Question

Quizplus · Accepted Answer

A comparative advantage exists when a country can produce a good at a lower opportunity cost than its trading partners. This concept does not necessarily relate to absolute production costs or efficiency, but rather to the relative efficiency in producing one good over another.

If a Country Has a Lower Opportunity Cost in Producing