At the core of internationalism, there is the liberal belief that states should engage in trade according to their _____________.

Question

Quizplus · Accepted Answer

The concept of comparative advantage states that states should engage in trade based on the goods and services that they can produce at a lower opportunity cost than other states. This allows for countries to specialize in the production of goods and services that they are relatively more efficient in producing, resulting in increased efficiency and mutual gains from trade. Therefore, the correct choice is B) comparative advantage.

At the Core of Internationalism, There Is the Liberal Belief