When two countries decide to follow their comparative advantage and engage in specialization and exchange,both countries experience gains from trade because they are able to consume at a point beyond their production possibilities frontier.Illustrate and explain how this is possible.

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The Answer of When two countries decide to follow their comparative advantage and engage in specialization and exchange,both countries experience gains from trade because they are able to consume at a point beyond their production possibilities frontier.Illustrate and explain how this is possible.

When Two Countries Decide to Follow Their Comparative Advantage and Engage