Question

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.

Answer 1

Answer:

Option D. An absolute advantage.

Explanation:

Absolute advantage

Absolute advantage introduced to the capacity of a nation to create goods more efficiently than other nations. In other terms, a country that has an absolute advantage can generate a good with cheaper marginal cost (fewer supplies, fewer materials, in a shorter time, with fewer operators, with cheaper workers, etc.).

Answer 2

The advantage that a country has if it can produce goods more efficiently is absolute adbantage.

What is absolute advantage?

This is the ability of a country to produce goods and services more efficiently than other countries using the same resources.

It occcurs as a country is able to produce its good at a lower costs than its counterparts.

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