When countries specialize in the production of goods they have the comparative advantage in, both _ and ____

Question

2 years ago

10

_____ will increase

1 answer:

Anna71 [15] · Answer 1 · 2022-12-30T00:40:07+03:00

Based on the question above, <u>demand and supply</u> will increase.

<h3>Demand</h3>

demand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.

<h3>Supply</h3>

supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

Therefore, the correct answers are demand and supply.

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When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ______________