Related to the Economics in Practice on page 343: Trade ________ comparative advantage of countries and ________ the efficiency of firms.

Question

Quizplus · Accepted Answer

Trade exploits the comparative advantage of countries, allowing them to specialize in the production of goods and services they can produce most efficiently. This, in turn, improves the efficiency of firms by enabling them to focus on their areas of specialization.

Related to the Economics in Practice on Page 343: Trade