A country should produce a good if it has a lower opportunity cost than another country.

Question

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The law of comparative advantage states that a country should produce and export goods in which it has a lower opportunity cost than other countries, and import goods in which it has a higher opportunity cost than other countries. This allows countries to specialize in producing the goods in which they have the greatest comparative advantage, leading to increased efficiency and overall benefits for all countries involved in trade.

A Country Should Produce a Good If It Has a Lower