Smith's theory of international trade suggests that when one country has an absolute advantage in the production of all goods,the country might not derive any benefit from international trade.

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When a country has an absolute advantage in the production of all goods, it means that it can produce all goods more efficiently than any other country. In this case, the country does not need to trade with other countries to obtain goods that it can produce more efficiently itself. Therefore, the country might not derive any benefit from international trade.

Smith's Theory of International Trade Suggests That When One Country