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International Trade on the Basis of Comparative Advantage Maximizes

Question 42

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International trade on the basis of comparative advantage maximizes

International trade on the basis of comparative advantage maximizes


A) domestic output and allows consumers access to better-quality products at lower prices than would be available in the domestic market alone.
B) foreign output and allows consumers access to better-quality products at lower prices than would be available in the domestic market alone.
C) world output and allows consumers access to better-quality products at lower prices than would be available in the domestic market alone.
D) world output, but gives consumers access to lower-quality products at higher prices than would be available in the domestic market alone.
E) foreign output and product quality in all markets.

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