Which trade theory recommends that countries should specialize in producing those goods they have a competitive advantage in to maximize the benefits of trade?

a. mercantilism
b. absolute advantage
c. comparative advantage
d. new trade theory

b. absolute advantage

Political Science

You might also like to view...

Informal or non-written policies do NOT fit within the definition of social policy:

a. True b. False

Political Science

Civil liberties

A) are the fundamental rights of a free society. B) are protected by the Supreme Court. C) are found in the Bill of Rights. D) protect against the abuses of a federal government. E) all of the above.

Political Science