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Commerce · Q485

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 485

Q485

A country is said to have a comparative advantage in the production of a good when:

A.
it can produce more of it than any other country
B.
it has captured a larger share of the world market than any other country
C.
it can produce it at a lower opportunity cost than its trading partners
Answer
D.
its costs of production tor the good are lower than in other countries

Answer: Option C

Solution

Answer: Option C
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