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marusya05 [52]
3 years ago
11

When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it

does any other good, it is said to have a(n) ________.
Business
1 answer:
nikitadnepr [17]3 years ago
3 0

Answer:

The answer is comparative advantage.

Explanation:

Comparative advantage is when a country is able to produce goods and services at a lower opportunity cost than its trading partners. That means a labour can produce more goods per hour than a labour in its trading partner's country.

A country with a comparative advantage will be able to charge lower price for what she is specialising on.

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Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
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