and specialization make it possible to achieve gains from trade between nations. Competition Comparative advantage O Tec

[answerhappygod]

And Specialization Make It Possible To Achieve Gains From Trade Between Nations Competition Comparative Advantage O Tec 1 (16.46 KiB) Viewed 9 times

And Specialization Make It Possible To Achieve Gains From Trade Between Nations Competition Comparative Advantage O Tec 2 (22.2 KiB) Viewed 9 times

and specialization make it possible to achieve gains from trade between nations. Competition Comparative advantage O Technology Zero-sum interactions O Population growth

An individual or country that has a comparative advantage in the production of one good may be able to produce more of this good than any other individual or country. must use fewer resources in order to produce the same amount of the good than any other individual or country. must have a special talent or advantage that allows the individual or country to produce more of this good. must produce this good at a higher opportunity cost than any other individual or country. must produce this good at a lower opportunity cost than any other individual or country.