1. Why might South American and African growers confront a lower opportunity cost than U.S. growers in...

Question:

1. Why might South American and African growers confront a lower than U.S. growers in producing fresh flowers during early February each year before the U.S. Valentine's Day?
2. Why do you suppose that non-U.S. flower growers might have a comparative advantage over U.S. growers in producing fresh flowers throughout each year?
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...