It is only common sense that countries will produce and export goods for which they are uniquely qualified.

Question

Quizplus · Accepted Answer

This statement is based on the theory of comparative advantage, which states that countries should specialize in producing and exporting goods in which they have a comparative advantage - meaning they can produce at a lower opportunity cost than other countries. This leads to greater efficiency and overall gains from trade.

It Is Only Common Sense That Countries Will Produce and Export