Trade based on comparative advantage benefits:
A) consumers in all countries.
B) consumers in some countries but hurts consumers in other countries.
C) neither producers nor consumers.
D) producers in all countries but not consumers.

Question

Quizplus · Accepted Answer

Trade based on comparative advantage allows countries to specialize in producing goods where they have a lower opportunity cost, leading to more efficient production and lower prices, which benefits consumers in all countries.

Trade Based on Comparative Advantage Benefits