In modern trade theory, the gains from specialization is also known as the
A)Constant gains
B)Consumption gains
C)Production gains
D)Internal gains

Question

Quizplus · Accepted Answer

Production gains are associated with specialization according to modern trade theory, as it allows countries or entities to focus on producing goods or services where they have a comparative advantage, leading to increased efficiency and output.

In Modern Trade Theory, the Gains from Specialization Is Also