A country has an absolute advantage in the production of a good if that country _____

Business

1 answer:

mestny [16]3 years ago

8 0

Answer:

Uses fewer inputs than other country for producing a commodity.

Explanation:

A country has an absolute advantage in producing a particular product if that country uses the fewer inputs or factors of production for producing a product than the other country.

For example:

Country A can produce 10 computers with 5 hours of labor employed and Country B can produce 10 computers with 2 hours of labor. Therefore, in this scenario, the Country B has an absolute advantage because it uses fewer resources to produce same quantity of computers.

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I hope this helps :)

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