Question

comparative advantage is the ability of a country to _____. produce a good at a lower opportunity cost than another country produce everything its people need and want have more physical capital than another country borrow more money from other countries

Answer 1

Answer:

The correct answer is - produce a good at a lower opportunity cost than another country.

Explanation:

Comparative advantage is the ability of a country's economy that produces a good or service at a lower opportunity than other trading countries for that service or good.

For better understanding take an example, Ireland has the comparative advantage for cheese and dairy products as it has land for dairy cows and climate also suits it.