Question

Which of the following statements is​ true?
A.
Specialization affects interstate trade but not international trade.
B.
Comparative advantage applies to nations but not to people.
C.
Everyone can benefit when people specialize where they have a comparative advantage and then trade with each other.
D.
Specialization affects international trade but not interstate trade.

Answer 1

Everyone can benefit when people specialize where they have a comparative advantage and then trade with each other statement is true.

What is Comparative Advantage?

Comparative advantage is any country economy is the ability of that country or individual to manufacture a specific product or service ability at a very low opportunity cost more than any other partners involved.

Comparative advantage shows that tend to trade with one another, they export and import . Countries export goods they have comparative advantage in.

Therefore, Everyone can benefit when people specialize where they have a comparative advantage and then trade with each other statement is true.

Learn more on Comparative advantage from the link below.

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