In general,the more countries and regions plan their economies around the concept of comparative advantage,the greater overall global economic output will be.

Question

Quizplus · Accepted Answer

Comparative advantage refers to the logic of countries producing goods and services in which they have lower opportunity cost, and then trading them with other countries that have a different comparative advantage, therefore maximizing global output. Therefore, if more countries plan their economies based on this concept, it would lead to a larger overall global economic output.

In General,the More Countries and Regions Plan Their Economies Around