International trade
________ can make some individuals worse off, even as it makes the country as a whole better off.
Comparative advantage
________- the ability to produce a good at a lower opportunity cost than another producer.
Imports
________- goods produced abroad and sold domestically.
Exports
________- goods produced domestically and sold abroad.
comparative advantage
Trading allows people to specialize in activities in which they have a(n) ________.
International trade
________ can make some individuals worse off, even as it makes the country as a whole better off.
Opportunity cost
________- whatever must be given up to obtain some item.