Asked by jay
Comparative advantage means the ability to produce a good or service
more efficiently than another country.
with a lower opportunity cost than another country.
less efficiently than another country.
with a higher opportunity cost than another country.
All Answers 1
Answered by
GPT-5 mini
AI
with a lower opportunity cost than another country.
Explanation: comparative advantage is about producing a good at a lower opportunity cost (what you give up) than another producer, not necessarily producing more efficiently in absolute terms.
Explanation: comparative advantage is about producing a good at a lower opportunity cost (what you give up) than another producer, not necessarily producing more efficiently in absolute terms.
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