A country has an absolute advantage in the production of a product when it
A) has the capability to produce the product within its boundaries.
B) is more efficient than any other country in producing it.
C) has the largest domestic demand for the product.
D) has access to the raw materials needed to produce the product.

Question

Quizplus · Accepted Answer

A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it.

A Country Has an Absolute Advantage in the Production of a Product