The law of comparative advantage applies to exchange between
A) individuals.
B) regions.
C) nations.
D) all of the above.

Question

Quizplus · Accepted Answer

The law of comparative advantage applies to all levels of exchange, whether between individuals, regions, or nations, as it suggests that parties can benefit from trade by specializing in the production of goods for which they have a lower opportunity cost.

The Law of Comparative Advantage Applies to Exchange Between