If a country has a comparative advantage in the production of a good, what can it do?

A country with a comparative advantage in the production of a good means that it can produce that good at a lower opportunity cost compared to other goods or countries. This economic principle allows the country to specialize in producing that particular good more efficiently than others.

When a country engages in mutually beneficial trade with other countries, it can exchange its surplus production of the good in which it has a comparative advantage for other goods that it does not produce as efficiently. This trade enhances overall economic welfare for all countries involved because each can focus on what they do best and obtain goods at a lower overall cost than if they attempted to produce everything themselves.

This concept emphasizes the benefits of specialization and trade based on comparative advantage, leading to an increase in total production capacity and consumption possibilities among trading partners.