In trade, if-due to technology-a nation can produce a good (such as
Germany's production of snowboards) with fewest resources, it is known
As a(n):
A)absolute advantage.
B)technology advantage.
C)comparative advantage.
D)resource advantage.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a nation to produce a good using fewer resources than another nation.

In Trade, If-Due to Technology-A Nation Can Produce a Good