The ability to produce a good at a lower opportunity cost that others is known as

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Comparative advantage is when one country has a lower opportunity cost than another country in producing a certain good. This means that both countries can benefit from trade by specializing in the good they have a comparative advantage in and then trading with each other. Absolute advantage (B) refers to when one country can produce a good using fewer inputs than another country. Specialization (C) is a result of comparative advantage and refers to countries producing the goods they are most efficient in. Marginal cost production (D) refers to the cost of producing one additional unit of a good.

The Ability to Produce a Good at a Lower Opportunity