The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Countries should specialize and import goods in which they have a comparative disadvantage.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Countries should specialize and import goods in which they have a comparative disadvantage.

Quizplus · Accepted Answer

Countries should specialize in producing goods for which they have a comparative advantage (meaning they can produce at a lower opportunity cost) and import goods in which they have a comparative disadvantage, allowing for more efficient global resource allocation and increased overall economic welfare.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity