A country can still gain from trading certain goods ... - Solved MCQs & Answer

3627EconomicsMedium

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

AComparative Edge

BComparative Advantage

CComplete Advantage

DRelative Advantage

Correct answer

B. Comparative Advantage

Explanation

The correct answer is Comparative Advantage.

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