Comparative advantage is:

Question

Quizplus · Accepted Answer

Comparative advantage is the ability of a country to produce a good or service at a lower opportunity cost than another country. This means that a country can produce a good or service more efficiently or at a lower cost than another country. This enables countries to specialize in the production of goods in which they have a comparative advantage and trade with other countries to obtain goods in which they don't have a comparative advantage. Therefore, option D is the correct answer.

Comparative Advantage Is