The Absolute Advantage Form of Competitive Advantage Means

question 93

Short Answer

The absolute advantage form of competitive advantage means
that a country does not belong to any free trade agreements.
that a country can produce everything better or more cheaply than any other country.
that a country can produce some products better or more cheaply than it can others.
that a country is the sole supplier of a product or service.
that a country can produce something better or more cheaply than any other country.

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Definitions:

Genotypic Ratio

The numerical relationship showing the assortment of genotypes resulting from a genetic cross.

Heterozygous

Having two different alleles of a particular gene or genes, resulting in genetic variation.

Homozygous Dominant

An individual possessing two identical dominant alleles for a particular trait.

Monohybrid Cross

Cross between parents that differ in only one trait.