Which Statement Defines Absolute Advantage

question 158

Multiple Choice

Which statement defines absolute advantage?

• A) Goods and services that are produced at their lowest resource (opportunity) cost.
• B) The mix of goods and services produced is just what the society desires.
• C) One country has a lower opportunity cost of producing a good than another country.
• D) One country can produce more of a good than another country if both work with identical resources.