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According to David Ricardo, when one country has a comparative advantage in
manufacturing a product compared to other countries, it has a lower _
should export the product.
average total cost
fixed cost
opportunity cost

Ask by Powell Morrison. in the United States
Mar 14,2025

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A country should export a product when it has a lower opportunity cost in manufacturing that product compared to other countries.

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The Deep Dive

When one country has a comparative advantage in manufacturing a product, it has a lower opportunity cost compared to other countries. This concept means that the country sacrifices less of other goods when producing the specific product, making it more efficient to export it rather than produce everything domestically.
Understanding comparative advantage can transform economies! Countries that specialize and trade based on their strengths often see increased productivity and growth. This means more goods and services become available to consumers around the globe—everyone wins!

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