A country with an absolute advantage can produce a good or service: A. More slowly than another country.
B. More efficiently than another country.
C. Less efficiently than another country.
D. In twice the time as another country.
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A country with an absolute advantage can produce a good or service: A. More slowly than another country.
B. More efficiently than another country.
C. Less efficiently than another country.
D. In twice the time as another country.
The correct answer is B. More efficiently than another country.
An absolute advantage occurs when a country can produce a good or service more efficiently than another country, meaning it can produce more output with the same amount of resources or produce the same output using fewer resources. This efficiency gives the country the ability to dominate in the production of that particular good or service. If you have more questions or need further clarification, feel free to ask!