Only those products in which a country has an absolute advantage will be competitive in world markets.

Name: Only those products in which a country has an absolute advantage will be competitive in world markets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Countries can also be competitive in products where they have a comparative advantage, which means they can produce a good at a lower opportunity cost than other countries, even if they don't have an absolute advantage.

Only Those Products in Which a Country Has an Absolute