If countries begin to specialize according to comparative advantage,a more efficient use of resources occurs.As a result,the world output of at least one good increases,with no decrease in the output of any other good.

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Quizplus · Accepted Answer

The concept of comparative advantage states that when countries specialize in the production of goods and services in which they have a lower opportunity cost, they can increase their total output and efficiency. This leads to a more optimal allocation of resources, creating a win-win situation for all countries involved. Thus, the world output of at least one good increases, with no decrease in the output of any other good. Therefore, the statement is true.

If Countries Begin to Specialize According to Comparative Advantage,a More