Answer to Question #139047 in Macroeconomics for Yomi Alade

Question #139047
How can it be that a country that is less productive at producing all goods can still benefit from trade?.Explain with reasons.
1
Expert's answer
2020-10-20T06:58:31-0400

A country that is less productive at producing all goods can still benefit from trade because it can import goods if the opportunity cost of importing is lower than the cost of producing them locally.




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