Gain from trade is the increase in total production due to specialization allowed by trade.

Name: Gain from trade is the increase in total production due to specialization allowed by trade.
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Gain from trade occurs because trade allows individuals, firms, and countries to specialize in producing the goods and services that they can produce at a lower opportunity cost than others. This specialization leads to an increase in total production and economic welfare.

Gain from Trade Is the Increase in Total Production Due