Question

A nation has a ___________ in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods. Group of answer choices

Answer 1

Your question is lacking option, but here are the group of answers choices.

Group of answer choices are:

a. Qualified advantage

b. Comparative advantage

c. Primary deficiency

d. Supreme advantage

Answer:

Correct answer is (b) Comparative advantage.

Explanation:

In nation's economy, Comparative advantage give a nation ability to produce commodity and render services at lower opportunity cost and in turn enable them to sell at lower price as compared to competitors in the market.