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 more efficiently than another country, meaning it can produce more output with the same amount of resources or can produce the same output with fewer resources. This efficiency allows the country to either lower costs or produce more goods, which can support better trade opportunities and economic growth.