IF A COUNTRY SPECIALIZES IN GOODS THAT IT CAN PRODUCE MOST READILY AND CHEAPLY AND TRADES THOSE GOODS FOR THE GOODS THAT ANOTHER COUNTRY CAN PRODUCE MORE READILY AND CHEAPLY, THEN BOTH COUNTRIES ARE EXERCISING THE PRINCIPLES OF

Select one:

a.ABSOLUTE ADVANTAGE

b.COMPARATIVE ADVANTAGE

c.DIVERSIFICATION ADVANTAGE

d.MERCANTILISM