According to the law of comparative advantage, both individuals and nations will be able to produce a larger joint output if each productive activity is undertaken by the low opportunity cost producer.
"Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or services"
"Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners." To find the comparative advantages of someone you need to compare the opportunity cost.
To know more about opportunity cost click below:
brainly.com/question/13036997
#SPJ4