When a country requires fewer resources to produce a product than
Other countries, it is said to have a(n):
A)absolute advantage in the production of the product.
B)comparative advantage in the production of the product.
C)higher opportunity cost of producing the product.
D)lower opportunity cost of producing the product.

Question

Quizplus · Accepted Answer

When a country can produce a product with fewer resources, it has an absolute advantage in the production of that product.

When a Country Requires Fewer Resources to Produce a Product