What kind of advantage does a country have if it can make a product more inexpensively?

History

2 answers:

Daniel [21]3 years ago

7 0

Answer: an absolute advantage

Explanation:

mina [271]3 years ago

4 0

Answer:

Comparative advantage

Explanation:

A comparative advantage is when one country can make a good more inexpensively and efficiently in comparison to another country. Comparative advantages plays a significant role in the American and world economy. This is due to the fact that countries decide to trade and interact with each other based on these comparative advantages. This ensures that countries are using their resources wisely.

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