The only deposits of a rare and sought-after mineral known as ursarite are found in Russia. Since no other nation has deposits of ursarite, Russia has a(n)________ in this mineral.
A) protected advantage
B) diversified benefit
C) absolute advantage
D) relative internal benefit

Question

Quizplus · Accepted Answer

A country has an absolute advantage if it has a monopoly on the production of a specific product or natural resource, or is able to produce it more cheaply than all other countries.

The Only Deposits of a Rare and Sought-After Mineral Known