Even though the United States manufactures textiles,China is able to produce them more efficiently.Thus,China has a _____ in manufacturing textiles.

Question

Quizplus · Accepted Answer

China has a comparative advantage in manufacturing textiles, meaning they are able to produce textiles at a lower opportunity cost compared to the United States due to factors such as lower labor costs and more advanced technology. This allows them to capture a larger share of the global textile market.

Even Though the United States Manufactures Textiles,China Is Able to Produce