Which of the following best describes a nation that does NOT have an absolute advantage in producing anything?

Question

Quizplus · Accepted Answer

While the nation may not have an absolute advantage in producing anything, it can still have a comparative advantage in one or more activities. This means that it has a lesser disadvantage in producing certain goods or services compared to others. The nation can focus on producing and exporting the goods or services in which it has the least disadvantage and import the goods or services that it has a greater disadvantage in producing. This will maximize its efficiency and benefit from trade.

Which of the Following Best Describes a Nation That Does