Explore a vast range of topics and get informed answers at IDNLearn.com. Get accurate and comprehensive answers from our network of experienced professionals.
Sagot :
Comparative advantage is the ability of any given economic actor (eg a country) to produce goods and services at a lower opportunity cost than other economic actors (eg other countries). This enables the country with the comparative advantage to export the product at a lower cost than its competitors. Therefore, the correct answer is comparative advantage.
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.