Answer: An I- statement has three parts
The correct answer is: "Singapore"
An absolut advantage takes place when a firm or company is able to produce a good or service at a lower cost per unit than any other. It is able to generate a larger number of product units with the same amount of inputs than other producers, and therefore its production process is the most efficient one.
In the example, Singapore is able to produce the largest amount of book units given the same amount of inputs that the other countries. Therefore, its production system is the most efficient and it is the country that holds the absolut advantage.
A. Earths atmosphere contains 78 percent oxygen, which is essential for life.
