Student’s name Professor’s name Institution Course Introduction A country or a nation is said to have a comparative advantage if it can produce a good at the lowest opportunity cost as compared to other countries. The theory of comparative advantage is a monetary theory concerning work additions for some entities countries or firms that ascend from modifications in the country and improvement of infrastructure and investment. References Leamer E. E. (1984). Sources of international comparative advantage: Theory and evidence. Cambridge MA: MIT press. Owuor P. O. Tsushida T. Horita H. & Murai T. (1988). Effects of geographical area of production on the composition of the volatile flavor compounds in Kenyan clonal black CTC teas. Experimental Agriculture 24(2) 227-235. [...]
The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource, and has been further augmented by additional investment in national infrastructure or education.