Which of the following provides the foundation of the case for free trade?

Question

Quizplus · Accepted Answer

The theory of comparative advantage is the foundation of the case for free trade. It argues that countries should specialize in producing the goods and services they can produce most efficiently and trade with other countries for goods and services they cannot produce as efficiently. This leads to increased efficiency, production, and ultimately welfare for all countries involved in the trade.

Which of the Following Provides the Foundation of the Case