A country has a comparative advantage in a good

A country has a comparative advantage in a good

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Reference no: EM13836555

A country has a comparative advantage in a good if

It can produce more of the good than another country.

It can produce a good at a lower opportunity cost relative to another country.

It can specialize only in two goods.

It also has an absolute advantage in the production of the good.

Reference no: EM13836555

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