Debra has an absolute advantage in producing a good when she
A)can produce more of that good than anyone else, using the same quantity of inputs.
B)has exclusive rights to sell that good.
C)has better technology than anyone else.
D)can produce the good at lower opportunity cost than anyone else.
E)has a comparative advantage in producing that good.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of an individual, firm, or country to produce more of a good or service than competitors, using the same amount of resources.

Debra Has an Absolute Advantage in Producing a Good When