According to the free market view, countries should specialize in the

QUESTION

According to the free market view, countries should specialize in the production of those goods and services that they can produce most efficiently.

Indicate whether the statement is true or false.

ANSWER

TRUE
The free market view argues that international production should be distributed among countries according to the theory of comparative advantage. Countries should specialize in the production of those goods and services that they can produce most efficiently.