If a nation has an absolute advantage in the production of a good,
A)it can produce that good at a lower opportunity cost than its trading partner.
B)it can produce that good using fewer resources than its trading partner.
C)it will specialize in the production of that good and export it.
D)all of these.

Question

Quizplus · Accepted Answer

An absolute advantage means a country can produce a good using fewer resources than its trading partner, not necessarily at a lower opportunity cost or that it will specialize and export that good.

If a Nation Has an Absolute Advantage in the Production