Social Studies, 15.04.2020 21:18, nickname0097

What is absolute advantage? the idea that a nation is better off when it produces goods and services for which it has comparative advantage the ability to produce more of a given product using a given amount of resources a good that is exported to another country for sale the ability to produce a product most efficiently given all the other products that could be produced

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What is absolute advantage? the idea that a nation is better off when it produces goods and services...