According to traditional trade theory,a developing nation should export the commodity:

Question

Quizplus · Accepted Answer

According to traditional trade theory, a developing nation should export the commodity that it has a comparative advantage in, meaning the commodity that it can produce relatively more efficiently than other countries. This is because by specializing in the production of this commodity and exporting it, the country can earn higher profits and increase its economic development. Additionally, the country should also focus on exporting commodities that are intensive in its relatively abundant factor, as this will increase the efficiency of production and further boost economic growth. Therefore, all of the above choices (A, B, and C) are correct.

According to Traditional Trade Theory,a Developing Nation Should Export the Commodity