a comparative advantage is the ability of a country to produce a particular good or service at a lower…
a comparative advantage is the ability of a country to produce a particular good or service at a lower \nthan another country.\na. opportunity cost\nb. production cost\nc. absolute advantage\nd. manufacturing advantage\nplease select the best answers from the choices provided.\no a\no b\no c\no d
Answer
Brief Explanations:
The concept of comparative - advantage in economics is defined as the ability of a country to produce a good or service at a lower opportunity cost than another country. Opportunity cost is the value of the next - best alternative forgone. Production cost refers to the cost of inputs in production, absolute advantage is about producing more quantity with the same resources, and manufacturing advantage is not the correct term related to this definition.
Answer:
A. opportunity cost