_____ advantage is the ability to produce more of a product than a trading partner with an equivalent amount of resources.

Name: _____ advantage is the ability to produce more of a product than a trading partner with an equivalent amount of resources.
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Question

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Absolute advantage refers to the ability of a country, individual, company, or region to produce a greater quantity of a good or service than competitors, using the same amount of resources.

_____ Advantage Is the Ability to Produce More of a Product