To obtain the gains available from comparative advantage, individuals or countries must do more than specialize; they must also

Question

Quizplus · Accepted Answer

To obtain the gains available from comparative advantage, individuals or countries must specialize in the production of goods and services in which they have a comparative advantage and then trade these goods and services with others. This exchange allows all parties to benefit from specialization.

To Obtain the Gains Available from Comparative Advantage, Individuals or Countries