Trade decisions are based on the concept of absolute advantage.

Name: Trade decisions are based on the concept of absolute advantage.
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Quizplus · Accepted Answer

Trade decisions can be based on a variety of factors such as comparative advantage, opportunity cost, and strategic considerations, not just absolute advantage. Absolute advantage refers to a country's ability to produce a certain good or service more efficiently than another country, but it does not necessarily dictate trade decisions.

Trade Decisions Are Based on the Concept of Absolute Advantage