_______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration.

Question

Quizplus · Accepted Answer

Trade creation occurs when economic integration allows countries to specialize in the production of goods for which they have a comparative advantage, leading to an increase in efficiency and a reduction in prices for consumers.

_______________ Occurs When Production Shifts to More Efficient Producers for Reasons