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Answer :
The given statement suggests that in the production of oranges, Turkey has a comparative advantage over other countries and Turkey will export oranges. The correct answer is option (D).
The concept of comparative advantage explains the capability of a country to produce a specific good or service with a lesser opportunity cost than other countries. It is a crucial principle in international trade and is an essential factor that helps countries determine the goods they should produce and export. The question states that the domestic price of oranges in Turkey without international trade is lower than the world price of oranges.
This scenario suggests that Turkey has a comparative advantage in the production of oranges over other countries, which means that Turkey can produce oranges at a lower opportunity cost than other countries.Therefore, the correct option is: (d). Turkey has a comparative advantage over other countries and Turkey will export oranges.
To know more about comparative advantage refer here
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