In order to achieve the maximum gains from trade, people should specialize according to
A) property rights.
B) PPF.
C) absolute advantage.
D) comparative advantage.

Question

Quizplus · Accepted Answer

Comparative advantage suggests that individuals or countries should specialize in producing goods for which they have the lowest opportunity cost, allowing for more efficient trade and maximizing gains for all parties involved.

In Order to Achieve the Maximum Gains from Trade, People