Comparative advantage is the ability to produce a specific product more efficiently than any other nation.

Name: Comparative advantage is the ability to produce a specific product more efficiently than any other nation.
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Quizplus · Accepted Answer

Comparative advantage refers to the ability of a country to produce a particular good or service at a lower opportunity cost than others, not necessarily more efficiently in absolute terms. Absolute advantage is the concept related to producing more efficiently.

Comparative Advantage Is the Ability to Produce a Specific Product