Examlex
If France is better than Belarus at producing wine, but Belarus is better than France at producing crystal, what should happen?
Exports Plus Imports
The total value of all goods and services a country sells to and buys from other countries; a measure of a country's international trade.
Comparative Advantage
The capability of a nation, person, corporation, or area to create a product or service at a reduced opportunity cost compared to its rivals.
Vast Resources
An abundance of natural, financial, or human resources available for use or development.
Specialization And Trade
A principle whereby individuals, firms, or countries produce a limited range of goods with higher efficiency and trade for other goods they are less efficient at producing.
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