Why is trade beneficial to both the importer (country buying the good) and exporter (country selling the good)?

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03-02-2021
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Why is trade beneficial to both the importer (country buying the good) and exporter (country selling the good)?

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Анонимidn Анонимidn · Answer 1 · 2021-02-03T21:22:46-05:00

Анонимidn Анонимidn

03-02-2021

Answer:

Because of comparative advantage, trade raises the living standards of both countries. ... “Even if a developing country lacks an absolute advantage in any field, it will always have a comparative advantage in the production of some goods” and will trade profitably with advanced economies.

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