What kind of advantage does a country have if it can make a product more efficiently? A. An import advantage
B. An export advantage
C. A comparative advantage
D. An absolute advantage
What kind of advantage does a country have if it can make a product more efficiently?
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The correct answer is D. An absolute advantage.
An absolute advantage occurs when a country can produce a good or service more efficiently than another country, meaning it can produce more output using the same amount of resources or the same output using fewer resources. This efficiency allows the country to potentially dominate production of that product, leading to benefits in trade, such as increased exports.