_____ suggests that when nations trade,each nation may be able to specialize in producing a narrower range of products than it would in the absence of trade,and through trade,each nation can simultaneously increase the variety of goods available to its consumers and lower the costs of those goods.

Question

Quizplus · Accepted Answer

New trade theory suggests that through trade, nations can specialize in producing a narrower range of products, increasing the variety of goods available and lowering costs due to economies of scale.

_____ Suggests That When Nations Trade,each Nation May Be Able