If Spain sells soccer balls to the United States,it tells us:

Question

Quizplus · Accepted Answer

Trade between two countries is mutually beneficial when one country has a comparative advantage in producing a good or service, which means it can produce that good or service at a lower opportunity cost than another country. In this case, Spain is able to produce soccer balls at a lower opportunity cost than the United States, which is why it is selling them to the United States. This does not necessarily mean that Spain has an absolute advantage or can produce more soccer balls than the United States with the same resources.

If Spain Sells Soccer Balls to the United States,it Tells