The theory of comparative advantage says that countries

Name: The theory of comparative advantage says that countries
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

The theory of comparative advantage suggests that countries should focus on producing and exporting goods that they can produce at a lower opportunity cost than other countries. This will allow for more efficient use of resources and increased global productivity. Therefore, the best option is to export those goods they can produce at a lower opportunity cost than another country.

The Theory of Comparative Advantage Says That Countries