The states that the individual, firm, region, or country with the lower opportunity cost of producing a particular good should specialize in producing that good.

Law of comparative advantage

Explanation:

Let's assume that Wakanda can produce either 10 bags of cotton or 10 bags of wine. While country x can produce either 5 bags of wine or 4 bags of cotton.

The opportunity cost of Wakanda producing either wine or cotton is one .

The opportunity cost of country X producing wine is 4 / 5 = 0.8 and the opportunity cost of producing cotton is 5 / 4 = 1.25

Wakanda should specialise in the production of production of cotton because it has a lower opportunity cost when compared with the other country.

Country x should specialise in wine production because it has a lower opportunity cost when compared with Wakanda.

This illustrates comparative advantage .

I hope my answer helps you

answer; organization;

answer; automated fingerprint;