If a country has a comparative advantage in the production of a good: it can produce...

 

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If a country has a comparative advantage in the production of a good: it can produce that good at a lower opportunity cost. it will find trade most beneficial when it trades with another country that has a comparative advantage in the same good. it will not find trade beneficial because other country(ies) won't have a comparative advantage in other goods. it must also have an absolute advantage in the good. If a country has a comparative advantage in the production of a good: it can produce that good at a lower opportunity cost. it will find trade most beneficial when it trades with another country that has a comparative advantage in the same good. it will not find trade beneficial because other country(ies) won't have a comparative advantage in other goods. it must also have an absolute advantage in the good.

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The correct statement is it can produce that good at a lower opportunity cost When ... View the full answer