Question

Please answer in a couple paragraphs. Thank you

• Describe a person or nation who has a particular comparative advantage in something.
• What is the source of this comparative advantage?

Be sure that your example shows that you understand the idea of opportunity cost and how opportunity cost is related to comparative advantage.

PLEASE ORIGINAL WORK ONLY

Answer 1

Answer - India has the comparitive advantage in production of Spices. India is the largest exporter of spices in the world with the variety of spices like cardemon , cinnamom , cumin etc. India has vast resources , specially in its southern part , the adequate geography i.e land and climate which gives it the advantage in the production of these spices. It faces the least opportunity cost in production of spices as compared to other countries due to availability of huge resources. Hence this gives India the comparitive advantage for production of spices over other countries.