A country is said to have a comparative advantage in a good over another country if that first country:

A. Can produce more units of the good
B. Is a more efficient producer of the good
C. Is a major consumer of the good
D. Has a lower opportunity cost of producing the good

D. Has a lower opportunity cost of producing the good

Economics

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The existence of positive externalities indicates that price is too low

Indicate whether the statement is true or false

Economics

If two firms are producing the exact same product, it ________ possible for the firms to earn economic profit in a Cournot oligopoly and it ________ possible for the firms to earn economic profit in a Bertrand oligopoly.

A) is; is B) is not; is not C) is not; is D) is; is not

Economics