Because it controls the world's diamond deposits, the DeBeers Consolidated Mines, Ltd., has a(n)
A) absolute advantage.
B) comparative advantage.
C) advantage based on efficient production.
D) trade deficit.
E) lot of diamonds.

Question

Quizplus · Accepted Answer

DeBeers Consolidated Mines, Ltd. controls the world's diamond deposits, which gives them an absolute advantage in the diamond industry. This means they can produce diamonds more efficiently and effectively than any other company or country.

Because It Controls the World's Diamond Deposits, the DeBeers Consolidated