A country has a comparative advantage in producing a good, Ask an Expert

Economics

A country has a comparative advantage in producing a good if:

a. It produces the good at a lower money cost.
b. It can produce more of the good than other countries.
c. It is more economically advanced than its trading partners.
d. Its opportunity cost of producing that good is lower than elsewhere.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M967035

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