According to the theory of comparative advantage speciali...
According to the theory of comparative advantage specialization will result in
Labour-intensive method of production
Capital-intensive method of production
Efficient allocation of resources
Efficient distribution of output
Correct answer is C
The theory of comparative advantage simply explains what a country would do best while also giving up the least.
It is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. With this, the economy will enjoy resource allocation optimization and efficiency.
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