Specialization and trade are closely linked to economies of scale absence of mopolies comparative advantage proper government policy
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The gains from specialization and trade are based not on absolute advantage, but on ________. Group of answer choices Opportunity cost. Comparative advantage. Gains from the trade
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The principle of comparative advantage does not provide answers to certain questions. One of those questions is Do specialization and trade benefit more than one party to a trade? Is it absolute advantage or comparative advantage that really matters? How are the gains from trade shared among the parties to a trade? Is it possible for specialization and trade to increase total output of traded goods?
Crystal W.
The gains from specialization and trade are based not on absolute advantage, but on ________. Group of answer choices Comparative advantage. Gains from the trade. Opportunity cost.
Sanchit J.
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