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The benefits to trading nations based on comparative advantage accrue from: select one: a. Specialization only b. Specialization and trading c. Trading only d. Protection of domestic industries

Sagot :

adioabiola

The benefits to trading nations based on comparative advantage accrue from; Specialization and trading.

Comparative advantage in relation to trading nations

Comparative advantage as implied refers to the ability to produce goods and services at a lower opportunity cost, although not necessarily at a greater volume or quality.

Comparative advantage is a key insight that emphasizes the occurrence of trade even if one country has an absolute advantage in all products.

Read more on comparative advantage;

https://brainly.com/question/14846093

The advantages accrue to trading nations based on comparative advantage as a result of Option B.

What are specialization and trade?

Specialization refers to a country's inclination to specialize in particular products that it trades for other goods rather than manufacturing all consumer goods on its own. Countries develop a surplus of the commodity in which they specialize and trade it for another country's excess good.

For more information about specialization and trade refer to the link:

https://brainly.com/question/15581164

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