If discussing trade,it is ____ which matters,rather than ____.

Question

Quizplus · Accepted Answer

When discussing trade, it is important to focus on comparative advantage, which refers to the ability of a country to produce a certain good at a lower opportunity cost than another country. This leads to mutually beneficial gains from trade, as each country specializes in producing the goods in which they have a comparative advantage and then trades with other countries to obtain the goods they cannot produce as efficiently. Absolute advantage, on the other hand, only looks at which country can produce more of a good using the same amount of resources. Therefore, while both concepts are important, comparative advantage is the key factor when discussing trade.

If Discussing Trade,it Is ____ Which Matters,rather Than ____

If Discussing Trade,it Is Which Matters,rather Than