The ability of one person or nation to produce a good at a lower opportunity cost than another is called a(n):

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The concept being described is comparative advantage, which refers to the ability to produce a good at a lower opportunity cost (in terms of producing other goods) than another person or nation. Choice A, market advantage, is not a recognized economic term. Choice B, absolute advantage, refers to the ability to produce a good more efficiently than another person or nation, without considering opportunity cost. Choice C, specialization advantage, is not a recognized economic term. Choice E, specific advantage, is not a recognized economic term.

The Ability of One Person or Nation to Produce a Good