World output will be maximized if each country pursues its comparative advantage.

Name: World output will be maximized if each country pursues its comparative advantage.
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Question

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Pursuing comparative advantage means that each country produces goods and services at which they are relatively more efficient and imports goods and services that they are relatively less efficient in producing. This leads to a more efficient allocation of resources globally and increased world output.

World Output Will Be Maximized If Each Country Pursues Its