11.A country has an absolute advantage in goods that it can produce more efficiently than most other countries.
Correct Answer:
Verified
Q175: The total volume of world trade is
Q176: If a country's exports totalled $8 billion
Q177: International trade is important for manufactured goods,
Q178: Lite Foods is a producer of breakfast
Q179: Examples of true absolute advantage are rare.
Q181: Over the past few decades, Canada's overall
Q182: Canada ranks first among the G8 countries
Q183: The rate of exchange of a nation's
Q184: As the value of a country's currency
Q185: When Canada placed a tariff on barbecues
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents