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Possi This question: 1 point(s) po What is the basis for trade? O A. Economic growth. O B. Comparative advantage. O C. Efficiency. D. Absolute
Possi This question: 1 point(s) po What is the basis for trade? O A. Economic growth. O B. Comparative advantage. O C. Efficiency. D. Absolute advantage. O E. Available resources. How can a country gain from specialization and trade? A. A country can specialize by using all available resources to produce goods and services to avoid trading with other countries. B. A country can specialize in producing that for which it has a comparative advantage and then trade for other needed goods and services. C. A country can specialize in producing that for which it has an absolute advantage and then trade for other needed goods and services. D. A country can specialize in producing that which is most scarce and then trade for other needed goods and services. O E. A country can specialize by using all available resources to invest in capital goods to promote economic growth
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