If a country wants to maximize its GDP, it should always

Question

Quizplus · Accepted Answer

If a country wants to maximize its GDP, it should export goods in which it has a comparative advantage. This means that the country should focus on producing and exporting goods in which it is most efficient relative to other countries, and import goods in which it is less efficient. By specializing in the production of goods in which it has a comparative advantage, a country can increase its productivity and efficiency, which in turn can lead to increased economic output and higher GDP. Therefore, option (C) is the best choice.

If a Country Wants to Maximize Its GDP, It Should