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A nation has a "comparative advantage" in the production of a product if

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A nation has a "comparative advantage" in the production of a product if

A nation has a "comparative advantage" in the production of a product if
A) it can produce the product while other nations cannot.
B) it can produce the product at a lower opportunity cost than other nations.
C) it can produce the product but at a higher opportunity cost than other nations.
D) it can produce the product with fewer resources than other nations.
E) the government protects the domestic producers of that product by erecting trade barriers.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

Read 86 times

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