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.
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The correct answer is a theory of comparative advantage The theory of comparative advantage develope...View the full answer
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Related Book For
Better Business
ISBN: 9780134522746
5th Edition
Authors: Michael Solomon, Mary Poatsy, Kendall Martin
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