When nations specialize in producing goods for which they have a comparative advantage and engage in international trade, consu

Question

DochEvi [55]

3 years ago

7

When nations specialize in producing goods for which they have a comparative advantage and engage in international trade, consu

mption gains are possible for those nations. A. True B. False

Social Studies

1 answer:

inn [45] · Answer 1 · 2022-03-30T04:34:56+03:00

Answer:

TRUE

Explanation:

The correct answer is TRUE.

when a nation is producing specialized good in which they have a comparative advantage then there is gain for that nation.

Nation specialized in the production of certain goods increase the efficiency of the nation. Specialization helps the production of the good in less cost and which increases the profit.

If the profit of the country increases then the earning of the people increases.

When nations specialize in producing goods for which they have a comparative advantage and engage in international​ trade, consu

When nations specialize in producing goods for which they have a comparative advantage and engage in international trade, consu