Colombia can produce coffee much more efficiently than it can produce other items; this gives colombia a(n) _____ advantage.

Sagot :

Colombia can produce coffee much more efficiently than it can produce other items; this gives Colombia a comparative advantage. Thus, option E is correct.

What is produce?

Produce can be defined as the product that needs to be manufactured or to bring or make something into existence.

The comparative advantage occurs, the product is produced at a price that has a lower opportunity cost than some other product that can be used as a substitute.

Colombia has a market edge because it can manufacture coffee considerably greater effectively, so it can be comparable goods. Therefore, option E is the correct option.

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The question is incomplete, the complete question will be:

a absolute

b competitive

c. marginal

d.domestic

Oe.comparative