If a nation can specialize in the production of a good or service and if they have a lower cost of production versus any other nation in producing that specific good or service, then what can we conclude? Multiple Choice Theorectically, as the nation expands and improved their competitive advantage, then more opportunities for wealth creation should appear and more export jobs should also be created. The nation should be able to grow their GDP and GO by exporting more of that good or service. All of the statements are correct. The nation should enjoy a comparative advantage in that good or service