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

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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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Better Business

ISBN: 9780134522746

5th Edition

Authors: Michael Solomon, Mary Poatsy, Kendall Martin

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Question Posted: Mar 13, 2024 01:01 AM

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