50% off all CEE Resources. Shop and save today. Use code: CEE50 at checkout.

Benefits of Trade/Comparative Advantage Video and Quiz

Open Video

This video teaches the concepts of Benefits of Trade and Comparative Advantage. Comparative advantage is the principle which holds that world output is higher if every country produces and trades the good in which it has a comparative advantage. A nation’s comparative advantage occurs when it focuses on producing the good in which the opportunity cost of production is lowest.