Answer:
a good or service at a lower opportunity cost than others.
Explanation:
A country has a comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example :
there are two countries , A and B
A produces 10 kg of rice and 5 kg of beans.
B produces 5 kg of rice and 10 kg of beans
the opportunity cost of A :
in producing rice = 5/10 = 0.5
In producing beans = 10/5 = 2
the opportunity cost of B :
in producing rice = 10/5 = 2
In producing beans = 5/10 = 0.5
A has a lower opportunity cost and a comparative advantage in the production of rice.
B has a lower opportunity cost and a comparative advantage in the production of beans.
