Question
Comparative advantage implies that a country will
import those goods in which the country has a comparative advantage.
export those goods in which the country has a comparative advantage.
find it difficult to conclude free trade agreements with other nations.
export goods produced by domestic industries with low wages relative to its trading
partners.
import those goods in which the country has a comparative advantage.
export those goods in which the country has a comparative advantage.
find it difficult to conclude free trade agreements with other nations.
export goods produced by domestic industries with low wages relative to its trading
partners.
Answers
GPT-4o mini
Comparative advantage implies that a country will **export those goods in which the country has a comparative advantage**. This economic principle suggests that countries should specialize in producing goods for which they have a lower opportunity cost compared to other nations, allowing them to trade these goods effectively.