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with a given amount of resources, a country with a comparative advantage will produce a product with —

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A country with a comparative advantage will produce a product with the lowest opportunity cost.

A country has a comparative advantage when it produces a good or service with the lowest opportunity cost given its resources.

An example illustrating comparative advantage.

Country X either produce 10 shirts or 20 jeans.

  • The opportunity cost of producing a shirt = 20 / 10 = 2
  • The opportunity cost of producing one jean = 10/20 = 0.5

Country B can either produce 100 units of shirts or 10 jeans.

  • The opportunity cost of producing a shirt = 10 / 100 = 0.1
  • The opportunity cost of producing one jean = 100 / 10 = 10

Country X has a lower opportunity cost and thus a comparative advantage in the production of jeans and should produce jeans.

Country B has a lower opportunity cost and thus a comparative advantage in the production of shirts and should produce shirts.

To learn more about comparative advantage, please check: https://brainly.com/question/13221821?referrer=searchResults

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