An economy is said to have a comparative advantage in the, Ask an Expert

Management Studies

An economy is said to have a comparative advantage in the production of one good if it:

can produce more of all goods than another economy.

can produce less of all goods than another economy.

has the lowest opportunity cost for producing a particular good.

has the highest opportunity cost for producing a particular good.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91703475

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