The basic idea of trade is to buy the things you could only make at a high opportunity cost, and sell the things you can make at a low opportunity cost.

Question

Quizplus · Accepted Answer

This is a fundamental principle of trade and comparative advantage theory. Countries specialize in producing the goods and services that they can produce efficiently and trade with other countries to acquire goods that they cannot produce efficiently. This results in mutual gains from trade and promotes economic growth and development.

The Basic Idea of Trade Is to Buy the Things