The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-The principle of comparative advantage states that a country should specialize in the production of those goods that have the highest opportunity costs.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-The principle of comparative advantage states that a country should specialize in the production of those goods that have the highest opportunity costs.

Quizplus · Accepted Answer

The principle of comparative advantage suggests that a country should specialize in the production of goods for which it has the lowest opportunity cost, not the highest. This allows for more efficient production and trade, benefiting all parties involved.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity