Can a Nation Gain from Trade If It Has a Comparative

Can a nation gain from trade if it has a comparative disadvantage in the production of some commodity?

A) It cannot gain from international trade in the commodity.
B) It can gain from international trade in that commodity only if it has an absolute advantage in that commodity.
C) It can still gain from international trade in that commodity by getting it at a lower opportunity cost than if it produced it domestically.
D) It cannot gain from international trade unless it has an absolute advantage in every other commodity.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free