Under conditions of free trade, when would Canada fail to gain any benefits from trading with Sweden?

Choose the correct answer

Explanation

Canada gains no advantage from trading if it exchanges goods at its own marginal rate of transformation, as there is no difference in opportunity costs to exploit. Gains from trade arise when countries trade at rates different from their own opportunity costs.

Under conditions of free trade, when would Canada fa… — Foundations Of Modern Trade Theory | PakQuizHub