Question: 1) A theory which states that countries benefit from specializing in (and exporting) goods and services in which they have a relative advantage, and they
1) A theory which states that countries benefit from specializing in (and exporting) goods and services in which they have a relative advantage, and they benefit from importing goods and services in which they have a relative disadvantage is referred to as the
A. theory of comparative advantage.
B. theory of exportation.
C. theory of relative perception.
D. theory of planned behavior.
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