Answer:
Of course, both countries will gain from specialization and trade.
Explanation:
Specialization results in one of the countries producing more jeans because the opportunity cost of producing corn is lower, and the other country producing more corn because the opportunity cost of producing jeans is lower. Then they will trade the good that they need in exchange for the goods that they produce at a lower cost.
*Opportunity costs are the costs of choosing one alternative activity or investment over another. Countries will produce the goods that have the highest opportunity costs since not producing them will result in a greater loss.
