Final answer:
The term that identifies an economic preference for a certain location is comparative advantage.
Step-by-step explanation:
The term that identifies an economic preference for a certain location is comparative advantage. Comparative advantage refers to the ability of a country or region to produce a particular good or service at a lower opportunity cost than others.
This leads to a preference for producing and trading goods or services that a country or region can produce more efficiently, allowing them to specialize and benefit from trade.