When Might a Country Specialize in Producing a Particular Good

If country A can produce both goods X and Y more efficiently that is with smaller absolute amounts of resources than can country B. When a country specializes in the production of a good this means that it can produce this good at a lower opportunity cost than its trading partner.

Tutor2u Sources Of Comparative Advantage

Countries are better off if they specialize in.

. Because of this comparative advantage. When a country specializes in the production of a good this means that it can produce this good at a lower opportunity cost than its trading partner can. A country chooses to invest in manufacturing and agriculture.

A country uses less inputs to produce an output than. For instance a country with a good climate good beaches and a. When a country specializes in the production of a good this means that it can produce this good at a lower opportunity cost than its trading partner.

Differences in production efficiencies among. When country is specialized in the production of goods so that it can produce more efficiently than buying from another country. The main materials needed for the computer parts come from.

Because of this comparative. -------- the types of goods and services available around the world. When individuals or countries specialize in the things that they are good at meaning that they are most efficient at or that have the lowest opportunity costs then they can trade with others and.

The correct answer is that countries specialize in producing goods with which they have a comparative advantage rather than an absolute advantage because they can produce. A country chooses to specialize in producing paper products. What countries are good at producing is influenced by the quantity and quality of their resources.

ExplanationBy specializing in the goods that the country produces most efficiently more of those goods are produced and thus the country can trade for more of other goods than it. Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers. Because of this comparative advantage.

A country chooses to export all of its products.

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Absolute Vs Comparative Advantage Definition

Tutor2u Sources Of Comparative Advantage

Is A Comparative Advantage In Everything Possible For A Country