Final answer:
The correct answer is C. competitive advantage. When a country engages in producing a product based on expertise, geographic location, and available natural resources in relation to other countries, it is leveraging its competitive advantage.
Step-by-step explanation:
The correct answer is C. competitive advantage.
When a country engages in producing a product based on expertise, geographic location, and available natural resources in relation to other countries, it is leveraging its competitive advantage. Competitive advantage refers to the advantage that a country has in producing a specific product or service more efficiently and effectively compared to other countries. This advantage can be based on factors such as skilled labor, advanced technology, favorable climate or natural resources.
For example, Saudi Arabia has a competitive advantage in oil production due to its abundant oil reserves and the ease of extracting it. Similarly, Colombia has a competitive advantage in producing coffee because of its favorable climate for coffee cultivation.