According to the theory of comparative advantage a country, Ask an Expert

Economics

According to the theory of comparative advantage, a country will export a good only if

A) It can produce it using less labor than other countries.

B) Its cost of producing the good, relative to other goods, is at least as low as in other countries.

C) Its wage rate in producing the good is lower than in other countries.

D) Its productivity is higher in producing the good than the productivity of other countries in producing it.

E) All of the above.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91240260

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