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Read the article titled "comparative advantage. " explain what comparative advantage is and how it relates to opportunity cost. How do these principles explain why americans have exported customer service operations to india?

Respuesta :

Comparative advantage is a guiding principle in how countries should trade with each other.

What is Comparative advantage?

Comparative advantage is an economic theory with the idea that countries should produce goods that they incur less opportunity cost in.

It also means that countries should buy goods that they have a higher opportunity cost producing.

Now, the U.S. has a higher opportunity cost than India when it comes to customer service operations and as a result, by the principles of comparative advantage, India should engage in customer service instead of the U.S.

In conclusion, Indians incur less opportunity cost in customer service and so the U.S. exports it there.

Read more about comnparative advantage at; https://brainly.com/question/8416743

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