Question

What is the law of comparative advantage?

a. A country is better off producing goods and services that they have a comparative advantage supplying.
b. A country that supplies things for others has a comparative advantage in trade.
c. A country has a comparative advantage if it produces goods for export.
d. A country's greatest advantage is in the import of goods that it cannot produce.

Answer 1

Comparative advantage means that a country is better off producing goods and services at a lower marginal and opportunity cost. The answer would be A

Answer 2

thank you

Answer 3

anytime :)