The Ability of One Country That Has an Absolute Advantage

question 19

Short Answer

The ability of one country that has an absolute advantage in the production of two or more goods (or services)to produce one of them relatively more efficiently than the other refers to ______.

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Definitions:

Stock Listing

Information regarding a company's shares that are available for trading on an exchange.

Shares Sold

The quantity of individual stocks that have been purchased by investors and are on the market.

Convertible Preferred Stock

A type of preferred stock that holders can convert into a specified number of common stock shares, usually at any time after a predetermined date.

Common Stock

Shares of ownership in a corporation, giving holders voting rights and a portion of the profits through dividends.