Comparative advantage theory:______
states that a country should sell to other countries those products that it produces most efficiently and buy from other countries those products it cannot produce as efficiently.

According to the Comparative Advantage Theory, countries should export to other countries products that they produce effectively and efficiently and import those products that they are not able to produce as efficiently. Thus, they should specialize by designating their scarce resources to make goods that will provide them with a comparative cost advantage.

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Comparative advantage theory:______ states that a country should sell to other countries those products that it produces most efficiently and buy from other countries those products it cannot produce as efficiently.

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Comparative advantage theory:______
states that a country should sell to other countries those products that it produces most efficiently and buy from other countries those products it cannot produce as efficiently.