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Summarizing.

Complete the following sentences to summarize the text above:

  1. International trade is essential for the maintenance

  2. Nations are usually better off if they specialize in…

  3. The concepts of absolute advantage and comparative advantage play…

  4. A country has an absolute advantage in a marketing of a product if it has…

  5. A country has a comparative advantage in an item if it can…

  6. Some countries refuse to specialize their productive efforts because…

  7. In most cases those who seek to be self-sufficient do so for reasons of…

Viewpoint:

Can you name the spheres where the economy of our country has the greatest comparative advantage?