00095经贸知识英语自考串讲资料（附笔记）

00095经贸知识英语自考串讲资料（附笔记）

1. International trade: can be defined as the exchange of goods and services produced in one country with those produced in another.

2. International specialization: one country producing more of a commodity than it uses itself and selling the remainder to other countries.

3. The theory of comparative advantage: holds that even if a country is less efficient than another in the production of both commodities, i.e. it has absolute disadvantage in producing both commodities, there is still a basis for mutually beneficial trade.

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