Country A can produce both wheat and oranges using fewer resources than country

Name: Country A can produce both wheat and oranges using fewer resources than country
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Country A having the ability to produce both wheat and oranges using fewer resources than country B indicates that Country A has an absolute advantage in producing both goods, not necessarily a comparative advantage. Comparative advantage involves producing a good at a lower opportunity cost, not necessarily with fewer resources.

Country a Can Produce Both Wheat and Oranges Using Fewer