Bolivia, South America is the only country in the world that is able to grow a rare plant that is used to produce a healing ointment for arthritis patients. Because Bolivia is the only country with access to this plant, it has a(n)

Question

Quizplus · Accepted Answer

This is an example of absolute advantage, which exists when a country is the only source of an item, the only producer of an item, or the most efficient producer of an item.

Bolivia, South America Is the Only Country in the World