According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

Question

Yuri Mitrofanov · Accepted Answer

The exporting country produces the product utilizing less labor than other countries.

Yuri Mitrofanov · Answer

The exporting country’s wage rate in producing the good is lower than in other countries.

Yuri Mitrofanov · Answer

The exporting country’s productivity is higher in producing the good than the productivity of other countries.

Yuri Mitrofanov · Answer

The exporting country’s cost of producing the good, relative to other goods, is at least as low as in other countries.

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