Question

A(n) _____ means a country can produce more of a good than another country using the...

A(n) _____ means a country can produce more of a good than another country using the same amount of resources.

Please choose the correct answer from the following choices, and then select the submit answer button.

Answer choices

comparative advantage

complete advantage

comparable advantage

absolute advantage

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Homework Answers

Answer #1

Absolute advantage describes a situation in which a individual , business or country can produce more goods or service than the other producer with an equivalent quantity of resources.For example, extracting oil in Saudi Arabia is just about just a matter of “drilling a hole.” Producing oil in other countries can require considerable exploration and dear technologies for drilling and extraction—if indeed they need any oil in the least .

Option 'd' is correct

Absolute advantage

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