Question

Do you feel that focusing on our comparative advantages as a nation will enable us to...

Do you feel that focusing on our comparative advantages as a nation will enable us to grow stronger economically in the face of globalization?

Homework Answers

Answer #1

Yes,

The opportunity cost is the abilty to produce the goods and services at a lower cost. If the nation is produicng the goods where they have a comparative advantage that means they can produce that goods at a lower price. If they can, the dmenad for the good will be more. That will allow the country to produce more and engage in the economic activity which will benefit the whole nation. It will increase in the exports and improve the aggregate demand.   

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