how-can-the-concept-of-comparative-advantage-explain-the-differences-in-cost-min

Question

How can the concept of comparative advantage explain the differences in cost-minimizing combinations of inputs between two countries?

Accepted Answer

Countries will specialize in the input that is relatively cheaper for them, leading to different cost-minimizing combinations.

Answer

Countries will avoid using the input that is cheaper for them.

Answer

Countries will use the same combination of inputs regardless of cost differences.

Answer

Comparative advantage does not affect cost-minimizing combinations.