Which economic term refers to the situation where one country can manufacture and export automobiles at a lower cost than its competitors?
opportunity cost
comparative advantage
inflation
consumer price index (CPI)
gross domestic product (GDP)

Question

Which economic term refers to the situation where one country can manufacture and export automobiles at a lower cost than its competitors?
opportunity cost
comparative advantage
inflation
consumer price index (CPI)
gross domestic product (GDP)

love_ranaa · Answer

comparative advantage

ilovewolf · Answer

The answer is B. Comparative Advantage. here's a link for more information.. http://en.wikipedia.org/wiki/Comparative_advantage :) Have a nice day!

anonymous · Answer

Thanks guys! @Love_Ranaa  @ilovewolf