______ advantage is the basis for specialization and trade.

Name: ______ advantage is the basis for specialization and trade.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Comparative advantage is the concept that a country should specialize in producing and exporting goods and services for which it is relatively more efficient at producing, even if it could produce other goods more efficiently as well. This principle is key to understanding the benefits of specialization and trade.

______ Advantage Is the Basis for Specialization and Trade