What kind of product should a country produce to obtain the maximum gains from trade? A. Products that have the lowest opportunity cost of production. B. Products that have the highest opportunity cost of production. C. Products that need to be produced using the most expensive resources. D. Products that can be produced with a minimum number of resources.

ADVERTISEMENTS: In simple words, gain from trade refers to extra production and consumption effects that countries can achieve through international trade. These gains are, thus, of two types gain from exchange and gain from specialisation in production.

latin america is a region of racial and cultural diversity.  it is a group of countries and dependencies in the americas where romance languages are predominant. the term originated in 19th century france as amérique latine to consider french-speaking territories in the americas along with the larger group of countries where spanish and portuguese languages prevailed.

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