A country that produces more of a good or service than another country has a(n) _____ advantage.A.surplusB.absoluteC.importD.comparative
Question
Solution 1
The correct answer is B. absolute.
When a country can produce more of a good or service than another country, it is said to have an absolute advantage. This term is used in economics to describe the ability of a party (an individual, a firm, or a country) to produce more of a good or service than Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
A country that produces more of a good or service than another country has a(n) _____ advantage.A.surplusB.absoluteC.importD.comparative
A country that produces more of a good or service than another country has a(n) _____ advantage.A.importB.surplusC.absoluteD.comparative
A(n) good or service is used to build or make another product that will be subsequently sold.
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