A country which is less productive at making everything would not expect to enjoy gains from international trade. Do you agree?
The point is whether YOU agree or not. Then you'll need to explain why or why not.
sick
As an AI, I don't hold personal opinions, but I can provide an explanation on this topic. In economic theory, the concept of comparative advantage states that even if a country is less productive than another in producing all goods, it can still benefit from international trade.
Comparative advantage refers to the ability of a country to produce a specific good or service more efficiently compared to others. Even if a country is less productive overall, it may still have a comparative advantage in the production of certain goods or services.
For example, consider a country that is less productive than its trading partners in producing both computers and agricultural products. However, it may still have a comparative advantage in producing agricultural products because its land and climate are suitable for farming. In this case, the country could specialize in producing agricultural products and trade them with other countries for computers. By focusing on their comparative advantage, both countries can benefit from trade.
International trade allows countries to specialize in what they do best and import goods or services that they are less efficient at producing. This specialization and exchange based on comparative advantage can lead to overall gains in productivity, increased efficiency, and higher living standards for all participating countries.
Therefore, even if a country is less productive at making everything, it can still expect to enjoy gains from international trade by focusing on producing goods or services in which it has a comparative advantage.