Countries benefit from trade by importing goods in which their opportunity costs are relatively _ and exporting goods in which their opportunity costs are relatively _. low; high low; low high; low high; high

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kylenash362 kylenash362

22-03-2022
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Countries benefit from trade by importing goods in which their opportunity costs are relatively _ and exporting goods in which their opportunity costs are relatively _. low; high low; low high; low high; high

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Parrain Parrain · Answer 1 · 2022-03-30T10:58:44+02:00

A country will benefit from trade when they import goods they have a high opportunity cost in while exporting those they have a low opportunity cost in.

How can a country benefit from trade?

The country should produce and export the goods that will be cheaper when it comes to opportunity costs as this would allow them to produce more of those goods.

They should then import the goods that will be too expensive to produce in terms of opportunity costs.

In conclusion, option C is correct.

Find out more on opportunity cost at https://brainly.com/question/13219423.

Countries benefit from trade by importing goods in which their opportunity costs are relatively _____ and exporting goods in which their opportunity costs are relatively _____. low; high low; low high; low high; high

Respuesta :

How can a country benefit from trade?

Otras preguntas

Countries benefit from trade by importing goods in which their opportunity costs are relatively _ and exporting goods in which their opportunity costs are relatively _. low; high low; low high; low high; high