Determine whether the statements regarding international trade are true or false. The presence of international trade can make some individuals worse off than if their nation were closed to trade. In order for some countries to gain from specialization and international trade, other countries must be harmed by it. When using all resources in the production of beef or oil, Canada and Kuwait can produce the given quantities. Canada can produce 2 tons of beef per month. Kuwait can produce 1 ton of beef per month. Canada can produce 1 ton of oil per month. Kuwait can produce 3 tons of oil per month. Based on this information, Canada has a comparative advantage in beef production.
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