Suppose the country of Alphaland can produce more cars than Omegaland can produce, given the same resources. An economist would conclude that Alphaland has a(n) _____ in producing cars.

Question

Quizplus · Accepted Answer

Alphaland has an absolute advantage in producing cars because it can produce more cars than Omegaland given the same resources. Absolute advantage refers to the ability of a country or producer to produce more of a good or service than another producer using the same amount of resources.

Suppose the Country of Alphaland Can Produce More Cars Than