Every country has a comparative advantage in something.

Question

Quizplus · Accepted Answer

The theory of comparative advantage argues that each country should specialize in producing and exporting goods and services for which they have a lower opportunity cost than other countries, resulting in overall gains from trade. This means that every country has a comparative advantage in something, whether it is a natural resource, a skilled workforce, or a particular industry that can produce goods at a lower cost.

Every Country Has a Comparative Advantage in Something