International trade is most likely to occur whenever

Question

Quizplus · Accepted Answer

International trade is most likely to occur when each of the trading nations gains from trade. This is based on the theory of comparative advantage, which suggests that countries should specialize in producing goods and services where they have a lower opportunity cost and trade with other countries that can produce other goods and services more efficiently. This leads to increased efficiency and productivity, and both countries can benefit from the trade.

International Trade Is Most Likely to Occur Whenever