Trade can only benefit a nation if that nation has an absolute advantage in the production of that good.

Name: Trade can only benefit a nation if that nation has an absolute advantage in the production of that good.
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Question

Trade can only benefit a nation if that nation has an absolute advantage in the production of that good.
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Quizplus · Accepted Answer

Trade can benefit a nation even if it does not have an absolute advantage in the production of any good, through the principle of comparative advantage, where countries specialize in producing goods for which they have a lower opportunity cost.

Trade Can Only Benefit a Nation If That Nation Has