Question

Trade based on comparative advantage benefits: Multiple Choice producers in all countries but not consumers. consumers in some countries but hurts consumers in other countries. neither producers nor consumers. consumers in all countries.

Answer 1

Answer: The correct answer is "consumers in all countries".

Explanation: Trade based on comparative advantage benefits consumers in all countries.

The comparative advantage is the ability of a person, company or country to produce a good using relatively less resources than another.

The concept of comparative advantage is one of the basic foundations of international trade through which consumers in all countries benefit, since thanks to international trade they obtain products that the country alone could not offer them.