Which term best describes the situation that, relative to England, France can produce beef at a lower cost of production (i. e., can produce beef using fewer inputs) ?

Question

Social Studies

Philip York

17 February, 02:44

Which term best describes the situation that, relative to England, France can produce beef at a lower cost of production (i. e., can produce beef using fewer inputs) ?

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Answers (1)

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Lilia Castaneda · Answer 1

France has a comparative advantage over England in the production of beef

Explanation:

It is said that a country has a comparative advantage over another in the production of a good / service when it can produce the good by investing a smaller amount of resources. In this case, France produces beef at a lower cost than England (due to factors such as infrastructure, livestock costs and other important variables).