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Which of the following economic term refers to the situation where one country can manufacture and export automobiles at a lower cost than its competitors?

Aopportunity cost
Bcomparative advantage
Cinflation
Dconsumer price index (CPI)
Egross domestic product (GDP)

Verified Answer :

Edufirst

Answer: option B) comparative advantage.

Comparative advantage is the advantage that has an economical agent (country in this case) to produce at a lower cost than its competitors.

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