Which of the following suggests that consumers in all nations can consume more if there are no restrictions on trade?

Question

Quizplus · Accepted Answer

Ricardo's theory of comparative advantage suggests that if nations specialize in producing goods in which they have a comparative advantage and trade with each other, then all nations can consume more than they would be able to in a closed economy. This is because each nation can specialize in producing the good in which it has a comparative advantage and import the other goods at a lower cost than it would take to produce them domestically. Therefore, there are no restrictions on trade, and consumers in all nations can consume more.

Which of the Following Suggests That Consumers in All Nations