Which of the following factors is most significant in determining the pattern of international trade?

Question

Quizplus · Accepted Answer

Comparative advantage is the most significant factor in determining the pattern of international trade because it allows countries to specialize in producing goods and services where they have a lower opportunity cost, and engage in mutually beneficial trade with other countries. Absolute advantage, diplomatic expertise, overpowering military strength, and the size of a nation can also play a role, but they are not as significant as comparative advantage.

Which of the Following Factors Is Most Significant in Determining