To obtain the gains available from comparative advantage, individuals or countries must do more than specialize; they must also
A) engage in research and development.
B) trade.
C) invest.
D) save.

Question

Quizplus · Accepted Answer

Specialization alone does not lead to gains from comparative advantage. It is through trading that individuals or countries can exchange the goods and services they specialize in for those they do not produce efficiently, leading to overall gains in productivity and standard of living.

To Obtain the Gains Available from Comparative Advantage, Individuals or Countries