If a nation can produce a good more quickly than any other nation,that nation has a(n)
A) comparative advantage.
B) total advantage.
C) relative advantage.
D) absolute advantage.
E) need to trade.

Question

Quizplus · Accepted Answer

The term "absolute advantage" refers to a situation where a country is able to produce a good more efficiently and effectively than any other country. This means that the country can produce more of the good with the same amount of resources or produce the same amount of the good with fewer resources than any other country, making it the most productive country in terms of that particular good.

If a Nation Can Produce a Good More Quickly Than