Comparative advantage underlies the gains from trade among countries whose opportunity costs are identical.

Name: Comparative advantage underlies the gains from trade among countries whose opportunity costs are identical.
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Question

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Comparative advantage leads to gains from trade even when countries have different opportunity costs, as it allows each country to specialize in producing goods for which it has the lowest opportunity cost relative to other countries.

Comparative Advantage Underlies the Gains from Trade Among Countries Whose