Asked by
Aashika Khadka
on Nov 12, 2024
Verified
International trade equalizes the opportunity cost of producing any good around the world.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision to pursue a certain action.
- Conceptualize the effects of international trade on economic efficiency and opportunity costs.
Verified Answer
IH
Learning Objectives
- Conceptualize the effects of international trade on economic efficiency and opportunity costs.
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