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

Question

Quizplus · Accepted Answer

Absolute advantage refers to a situation where a country or company can produce a product more efficiently and effectively than any other country or company. Since no other nation has deposits of Yuksporite, Russia has a complete and total advantage in producing and exporting this mineral. Therefore, the correct answer is C - absolute advantage.

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