The theory that states that specialization and trade are mutually beneficial to all economies involved in trade

Question:

The theory that states that specialization and trade are mutually beneficial to all economies involved in trade is called the

a. theory of comparative advantage.

b. theory of beneficial trade.

c. theory of absolute advantage.

d. theory of relative trade.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Better Business

ISBN: 9780134522746

5th Edition

Authors: Michael Solomon, Mary Poatsy, Kendall Martin

Question Posted: