select the correct answer.\nwhich economic term refers to the situation where one country can manufacture…

select the correct answer.\nwhich economic term refers to the situation where one country can manufacture and export automobiles at a lower cost than its competitors?\na. opportunity cost\nb. comparative advantage\nc. inflation\nd. consumer price index (cpi)\ne. gross domestic product (gdp)

select the correct answer.\nwhich economic term refers to the situation where one country can manufacture and export automobiles at a lower cost than its competitors?\na. opportunity cost\nb. comparative advantage\nc. inflation\nd. consumer price index (cpi)\ne. gross domestic product (gdp)

Answer

Answer:

B. comparative advantage

Brief Explanations:

Comparative - advantage is when a country can produce a good at a lower opportunity - cost than competitors. Here, manufacturing and exporting automobiles at a lower cost is an example of it.