2 years ago

Which of the following BEST defines absolute advantage in terms of

History

1 answer:

True [87]2 years ago

6 0

Answer:

When a nation can produce a good or service more efficiently than any other nation.

Explanation:

Absolute advantage is the ability to produce a greater quantity of a good or service more efficiently. This translates into a better use of inputs per unit of time, or with a lesser quantity of inputs than another producer (country, company)

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