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Select the correct answer.
What is absolute advantage?
A.
having a lower opportunity cost to produce goods than other firms or nations
B.
having a lower cost of production than other firms or nations
C.
having more available resources for producing a good than other nations
D.
having fewer or no trade barriers for international trade than other nations

Respuesta :

ayokenny2001

The correct answer is option A. Having a lower opportunity cost to produce goods than other firms or nations

What is absolute advantage?

This is when a firm or a country is able to produce more goods that others in an efficient manner.

Absolute Advantage refers to the ability of an individual, firm or country to produce more of a product of service using the same quantity of resources used by the competition.

Learn more about absolute advantage here: https://brainly.com/question/9067127

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