When trade occurs on the basis of ____, both sides win.
A) comparative advantage
B) absolute advantage
C) price
D) revenue

Name: When trade occurs on the basis of ____, both sides win. A) comparative advantage B) absolute advantage C) price D) revenue
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Question

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Trade based on comparative advantage allows both parties to benefit by specializing in the production of goods for which they have a lower opportunity cost, leading to more efficient global resource allocation and mutual gains from trade.

When Trade Occurs on the Basis of ____, Both Sides