If Nigeria has comparative advantage over Ghana in produc...
If Nigeria has comparative advantage over Ghana in producing cocoa, this means_________?
Nigeria produces cocoa more cheaply than Ghana
Nigeria and Ghana produce at the same level
Ghana produces cocoa more than Nigeria
Nigeria produces more cocoa than Ghana
Correct answer is A
Comparative advantage is the ability of an individual or group (Nigeria as the case maybe) to carry out a particular economic activity (such as making a specific product) more efficiently than another activity. Comparative advantage is when a country produces a good or service for a lower opportunity cost than other countries.
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