Question

A country with an absolute advantage can produce a good or service?
1 more slowly than another country
2 more efficiently than another country
3 less efficiently than another country.
4 in tvice the time as another country,

Answer 1

Answer:

2. more efficiently than another country.

Answer 2

When a country have an absolute advantage, its means its can produce a good or service more efficiently than another country.

What is absolute advantage?

An absolute advantage refers to economic concept that explains the ability of a company, nation in producing a certain good or service at lower cost.

Hence, a country with absolute advantage produce a good or service more efficiently than another country.

Therefore, the Option 2 is correct.

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