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

Respuesta :

Edufirst
Answer: option B) comparative advantage.

Comparative advantage is the advantage that has an economical agent (country in this case) to produce at a lower cost than its competitors.

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