Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Which of the following countries most likely has a comparative advantage?

A. A South American country that produces more coffee compared to an Asian country despite having equal resources.

B. An Asian country that manufactures more textile products than most countries by decreasing its production of tea.

C. An Asian country that produces quality automobiles with little opportunity cost compared to other countries.

D. A North American country that expands its trade relations to a neighboring country to share resources.

Sagot :

GinnyAnswer

Final answer:

Comparative advantage is when a country produces a good at a lower opportunity cost than others, boosting global production and trade.


Explanation:

Comparative advantage occurs when a country can produce a good at a lower opportunity cost than other countries, leading to increased global production and consumption. This concept drives countries to specialize in goods they are relatively more efficient at producing, promoting trade and economic growth.


Learn more about Comparative Advantage here:

https://brainly.com/question/32607605


Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.