What is absolute advantage?A. The ability to produce a good or service at a lower opportunity cost than other producers.B. The

Question

4 years ago

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What is absolute advantage?A. The ability to produce a good or service at a lower opportunity cost than other producers.B. The

ability to produce more of a good or service than competitors using the same amount of resources.C. The ability to use all available resources to produce output.D. The gain from consuming a product whose benefit is greater than its cost.E. The gain from selling a product for more than it costs to produce that product.

Business

1 answer:

gregori [183] · Answer 1 · 2022-01-03T05:04:25+03:00

Answer:

A

Explanation:

In international trading theory the absolute advantage is the capability to produce some good with the lowes cost of opportunity possible because that is the product which represents an advantage for a nation, the do not need to evaluate their production from other product so it is their identity.

What is absolute​ advantage?A. The ability to produce a good or service at a lower opportunity cost than other producers.B. The

What is absolute advantage?A. The ability to produce a good or service at a lower opportunity cost than other producers.B. The