Comparative advantage implies that a country will

Question

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.

Answer 1

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.