The Key Benefit of Countries Engaging in Trade Based on Comparative

question 200

Multiple Choice

The key benefit of countries engaging in trade based on comparative advantage is that

• A) both countries will be able to consume more than they would with no trade.
• B) it allows countries to produce efficiently inside of their individual production possibilities frontiers.
• C) it allows both countries to maximize their opportunity cost.
• D) None of these is a key benefit.

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