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Economics (AS & A Level) · Oct / Nov 2025 · Paper 13 · Question 28

9708The reasons for international trade

What is meant by comparative advantage?

  1. AOne country can produce a product at a lower opportunity cost than another country.
  2. BOne country can produce more of a product than another country, using a given level of resources.
  3. COne country has lower barriers to trade than another country.
  4. DOne country is making more efficient use of factors of production than another country.

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Correct answer: A. One country can produce a product at a lower opportunity cost than another country.

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