A. produce only consumer goods
B. engage in trade if it can produce a commodity at a lower cost
C. specializes in the production of all goods
D. try as much as possible to be self-sufficient
Correct Answer:
Option B = engage in trade if it can produce a commodity at a lower cost
Explanation
Comparative advantage is the edge a country has over its trading partners in the production of a particular good or service at a lower opportunity cost.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…