Question: Developing countries stand to gain from international trade because 1. Trade enables them to specialize in producing where they have a comparative advantage. O2. Trade
Developing countries stand to gain from international trade because 1. Trade enables them to specialize in producing where they have a comparative advantage. O2. Trade subjects their local producers to greater competition. 3. Trade allows them to produce larger amounts than they could consume themselves, taking advantage of increasing returns to scale. 4. All of the above.
Developing countries stand to gain from intemational trade because 1. Trade enables them to specialize in producing where they have a comparative advantage. 2. Trade subjects their local producers to greater competition. 3. Trade allows them to produce larger amounts than they could consume themselves, taking advantage of increasing returns to scale 4. All of the above
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