A country specializes in the production of a good in which it has comparative advantage.What happens once international trade is established?

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Once international trade is established, the country can export the good in which it has comparative advantage and import goods that it is not efficient at producing. This can lead to lower prices, increased competition, and a wider variety of goods for consumers. While some domestic producers of the good in which the country has comparative advantage may face competition from foreign producers, the benefits to consumers and other domestic producers should outweigh the losses suffered by those particular producers. Overall, the gains from international trade should outweigh the losses.

A Country Specializes in the Production of a Good in Which