According to the theory of comparative advantage, countries gain from trade because Group of answer choices World output can rise when each country specializes in what its does relatively best. All firms can take advantage of cheap labor. Output per worker in each firm increases. Every country has an absolute advantage in producing something. Trade makes firms behave more competitively, reducing their market power

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter28: International Trade
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According to the theory of comparative advantage, countries gain from trade because
Group of answer choices
World output can rise when each country specializes in what its does relatively best.
All firms can take advantage of cheap labor.
Output per worker in each firm increases.
Every country has an absolute advantage in producing something.
Trade makes firms behave more competitively, reducing their market power
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