Absolute advantage derives from which of the following?
A) the lowest cost production
B) the most suitable climate
C) the least expensive labor force
D) the best educated labor force

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a country to produce a good or service with fewer resources than another country. This means that the country can produce the good or service at a lower cost. Therefore, the answer is A, the lowest cost production.

Absolute Advantage Derives from Which of the Following