A country exports the goods

Question

Quizplus · Accepted Answer

A country exports the goods for which its domestic opportunity cost of production is relatively lower than that of other countries. This means that it can produce those goods at a lower cost and thus sell them at a competitive price in the global market. Choice C describes this concept of comparative advantage, where a country specializes in producing and exporting goods that it can produce at a lower opportunity cost compared to other goods.

A Country Exports the Goods