Answer-'Ricardo's comparative advantage theory states that...?'

Ricardos comparative advantage theory states that countries can benefit from international trade by specializing in what theyre best at and importing what theyre not. This means a country should produce goods where it has a lower opportunity cost compared to another country, even if the other country is absolutely more efficient in all goods.

Question

"Ricardo's comparative advantage theory states that...?"

A countries can benefit from international trade by specializing in what they're best at and importing what they're not.

B countries should specialize in producing goods where they have an absolute advantage, regardless of other countries' costs.

C international trade is only beneficial if one country is more efficient in producing all goods than another.

D protectionist policies, such as tariffs and quotas, are necessary to safeguard domestic industries from foreign competition.

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