A country has a comparative advantage in the production of a good if it can
A)produce more of the good most efficiently.
B)tradeoff producing the good for another good.
C)produce more of the good than another country.
D)produce the good at the lowest opportunity cost.
E)produce the good on and remain on its production possibilities frontier.

Question

Quizplus · Accepted Answer

The definition of comparative advantage is production at the lowest opportunity cost, meaning a country can produce a certain good at a lower opportunity cost than another country. Therefore, the best choice is D.

A Country Has a Comparative Advantage in the Production of a Good