Country Z can produce pig iron more efficiently than any other goods.Which type of advantage in pig iron does Country Z have?
A) absolute advantage
B) national competitive advantage
C) comparative advantage
D) monopolistic advantage
E) resource advantage

Question

Quizplus · Accepted Answer

C)When a country can produce a good more efficiently than it can produce any other good, that country is said to have a comparative advantage in that efficiently produced good.

Country Z Can Produce Pig Iron More Efficiently Than Any