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What does comparative advantage refer to?It refers to a principle that when people1what they do best and then2their products for the other things they need, they will all be better off.
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Who would benefit from international trade?All countries that.
Trading often takes place in our daily life.
A country has the opportunity to make more profits if it decreases wages for the work force and investment in plants and equipment.
If a country specializes in what it produces best, it would make fewer profits because it loses the opportunity to sell other goods.
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