Question

A comparative advantage is the ability of a country to produce a particular good or service at a lower

than another country.
a. opportunity cost
b. production cost
c. absolute advantage
d. manufacturing advantage
Please select the best answers from the choices provided.
A
B
ΟΟΟΟ
С
D
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Answer 1

Answer: opportunity cost

Step-by-step explanation:

Comparative advantage is the ability of a country to produce a particular good or service at a lower (opportunity cost) than its trading partners.

Comparative advantage gives a company and edge over its rivals as the company can be able to sell goods and services at a lower price when compared to that if its competitors and therefore realize larger sales margins.