QUESTION IMAGE
Question
question
the theory of comparative advantage indicates that countries that participate in __________ benefit all.
answer
○ ethnocentrism
○ tariffs and subsidies
○ local trade
○ international trade
○ i dont know yet
The theory of comparative advantage is a key concept in economics (a subfield of Business) related to international trade. It suggests that countries specializing in producing goods with lower opportunity costs and engaging in international trade will mutually benefit. Ethnocentrism is about cultural bias, tariffs/subsidies are trade policies (not what the theory says benefits all), and local trade doesn't align with comparative advantage's focus on cross - country trade. So the correct option is related to international trade.
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D. international trade