Question

In general, individuals and nations should specialize in producing goods _________ other individuals or nations.

A. that they can produce more quickly than

B. that they can produce less quickly than

C. for which they have a lower opportunity cost compared to

D. for which they have a higher opportunity cost compared to

Answer 1

Answer: In general, individuals and nations should specialize in producing goods "C. for which they have a lower opportunity cost compared to" other individuals or nations.

Explanation: According to the theory of comparative advantages: Each country should specialize in what is most efficient. A comparative advantage is the ability of one country to produce using relatively less resources than another.