The ability to produce the same quantity of a good or service using fewer units of labor is known as
A) competitive dominance.
B) productive dominance.
C) comparative advantage.
D) absolute advantage.

Question

Quizplus · Accepted Answer

The ability to produce the same quantity of a good or service using fewer units of labor is known as absolute advantage. This means that a country or firm can produce a good or service more efficiently compared to other countries or firms.

The Ability to Produce the Same Quantity of a Good