If a country is exporting a good, this is because the country has an absolute advantage in the production of that good.

Name: If a country is exporting a good, this is because the country has an absolute advantage in the production of that good.
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Question

If a country is exporting a good, this is because the country has an absolute advantage in the production of that good.
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Quizplus · Accepted Answer

A country exports a good not necessarily because it has an absolute advantage, but because it has a comparative advantage, meaning it can produce the good at a lower opportunity cost than other countries.

If a Country Is Exporting a Good, This Is Because