Business, 22.07.2019 09:00, SamaHafiz8984

Trade allows buyers and sellers to exploit gains from specialization because it allows sellers to a. specialize in the production of the good or service for which they have an absolute advantage and buy goods and services for which they do not have an absolute advantage. b. specialize in the production of the good or service for which they have a comparative advantage and buy goods and services for which they do not have a comparative advantage. c. develop comparative advantages in the production of goods and services through the employment of low-wage workers, allowing them to sell their goods and services at a lower cost to buyers. d. develop an absolute advantage in the production of goods and services, which eventually forces buyers to pay higher prices for those goods and services.

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Trade allows buyers and sellers to exploit gains from specialization because it allows sellers to a...