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Basic of Economics

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle? Read More »

Basic of Economics, Economics Mcqs