A country has a (an)__________ in the production of a good it produces at lower opportunity cost than another country.
A) absolute advantage
B) specialization disadvantage
C) tariff-efficient advantage
D) infant-industry advantage
E) none of the above

Question

Quizplus · Accepted Answer

The correct term for a country having an advantage in the production of a good it produces at a lower opportunity cost than another country is "comparative advantage," which is not listed among the options provided.

A Country Has a (An)__________ in the Production of a Good