According to international trade theory, a country should:

Question

Quizplus · Accepted Answer

According to international trade theory, a country should specialize in producing the goods in which it has a comparative advantage. This means that the country can produce those goods at a lower opportunity cost compared to other countries. By specializing in the production of those goods, the country can trade with other countries and benefit from the gains of trade, leading to increased international trade and economic growth.

According to International Trade Theory, a Country Should