According to the theory of ______ advantage, countries will experience higher growth rates if they follow a more open stance toward international growth. Economic studies have verified this.

Respuesta :

The theory that states that firms will  experience higher growth rates if they follow a more open stance toward international growth, is known as comparative advantage.

What is comparative advantage?

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

A country should specialise in producing a good for which it has comparative advantage and import goods for which it does not have comparative advantage. This would ensure economic growth of countries.

To learn more about comparative advantage, please check: https://brainly.com/question/25812820

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