The only deposits of a rare mineral known as shozet are found in the nation of Swanland.Since no other nation has deposits of shozet,Swanland has a(n)_______in the production of this mineral.
A)diversified benefit
B)absolute advantage
C)protected advantage
D)relative internal benefit

Question

Quizplus · Accepted Answer

Absolute advantage refers to a situation where a country is more efficient in producing a particular good than any other country. In this case, since no other country has deposits of shozet, Swanland has an absolute advantage in producing this mineral.

The Only Deposits of a Rare Mineral Known as Shozet