The advantage in the production of a product enjoyed by one country over another when it uses fewer resources to produce that product than the other country does is
A) an absolute advantage.
B) a comparative advantage.
C) a relative advantage.
D) a productive advantage.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a country to produce a good using fewer resources than another country.

The Advantage in the Production of a Product Enjoyed by One