A nation will typically import those goods in which

Question

a. other nations have an absolute advantage.
b. the nation has a comparative advantage.
c. the nation has an absolute advantage.
d. other nations have a comparative advantage.

Answer 1

A nation will typically import those goods in which d. other nations have a comparative advantage.

Comparative advantage means that a country can produce a good at a lower opportunity cost than another country, making it more efficient for that nation to produce those goods while importing those where it has a comparative disadvantage.