Country A specializes in producing kiwis. Country B specializes in producing oranges. As a result, Country A can consume more ki
wis and oranges than it could have if it had tried to grow kiwis oranges itself and had decided not to trade. This illustrates the concept of: Group of answer choices The gains of trade Absolute advantage Supply
This scenario better illustrates the concept of absolute advantage, as both countries are specialized in one product.
<h3 /><h3>What is the absolute advantage?</h3>
It is an economic approach that helps to understand how a country's specialization in the production and sale of a product and service helps economic development, as there can be trade between countries with different specializations, generating funds obtained from the export of goods.
Therefore, absolute advantage helps countries to trade and develop economically.
<span>A combination of news covered by the media that boosts sales without having to pay is best described by the term public relations. Public relation is a key correspondence process that constructs mutually beneficial connections amongst associations and their public.We can also define Public relations as the act of overseeing correspondence between an association and its public.</span>
Policy analysts can estimate the value of a human life through contingent valuation methods. It is a method use to estimate the value of a good that is placed by a person. It involves asking people to report their willingness to pay or accept in order to have or give up a certain good. It is used to evaluate the economic values of all goods.
