Question

the karakul is a breed of central asian sheep that produces curly, glossy wool. this wool is popular in some countries for the manufacturing of warm hats and coats. since the breed can only be grown in central asia, this region can be said to have a(n):

Answer 1

Answer: The correct answer is  The letter "A": absolute advantage

Explanation: Absolute advantage is a principle in Economics in which a business enjoys the advantage of producing A higher number of goods and services than their competitors even when they use the same amount of input or resources. This grant such producer low marginal cost, cheap materials, workers, etc.

This concept was developed by Adam Smith in his 1776 publication titled The Wealth of Nations.

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