When a country specializes in the production of a good for which it has a lower opportunity cost compared to another country, it is said to have a ___ advantage.

When a country specializes in producing a good for which it has a lower opportunity cost than another country, it is said to have a comparative advantage. This means that the country can produce that good more efficiently compared to other goods it could make. For example, if Country A can produce wine more easily than cheese, while Country B can produce cheese more easily than wine, Country A has a comparative advantage in wine and should focus on making it. By specializing, both countries can trade and enjoy more of both goods than if they tried to produce everything on their own. This concept helps countries make better economic decisions and improves trade relationships.