Economic welfare increases as resources previously engaged in costly domestic production are efficiently reallocated to the direction of a country’s comparative advantage and to that which generates greater productivity (“trade creation effect”).
Economic welfare increases as resources previously engaged in costlydomestic production are efficiently reallocated to the direction of a country's comparativeadvantage and to that which generates greater productivity ("trade creation effect").
Economic Welfare increases as previously Resources Engaged in costly domestic Production are efficiently reallocated to the direction of a Country's Comparative Advantage and to that which generates Greater Productivity ("Trade Creation Effect").
Economic welfare increases as resources previously engaged in costly.Domestic production are efficiently reallocated to the direction of a country s comparative. 'Advantage and to that which generates greater productivity ("trade creation effect.").