If Switzerland chooses to engage in trade,it
A)will only benefit if it trades with countries that produce goods Switzerland cannot produce.
B)cannot benefit if it trades with less developed countries.
C)should first attempt to produce the good itself.
D)can benefit by trading with any other country.

Question

Quizplus · Accepted Answer

Switzerland can benefit by trading with any other country because it can specialize in producing certain goods where it has a comparative advantage and trade those for goods it may not produce efficiently. Additionally, trading with less developed countries can also benefit them by increasing their export opportunities and promoting economic growth. Switzerland may still choose to produce certain goods domestically, but engaging in trade can still bring benefits.

If Switzerland Chooses to Engage in Trade,it