Which of the Following Is an Example of Absolute Advantage

question 55

Multiple Choice

Which of the following is an example of absolute advantage?

• A)Since Turkey controls the Bosporus Strait,the countries on the Black Sea are completely dependent on it for access to the Mediterranean.
• B)India is more efficient at producing cloth than Portugal,but Portugal is more efficient at producing wine than India.
• C)Portugal is better at producing wine than producing cloth.
• D)The United States makes software more efficiently than any other country.
• E)Saudi Arabia has one-fifth of the world's proven oil reserves,but oil refineries in the United States can produce oil more efficiently.

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Definitions:

Light Users

Consumers who use a product or service infrequently and in lower quantities compared to heavy users, often targeted differently in marketing strategies.

Urban College

An educational institution located in a city environment, often providing higher education opportunities with an emphasis on serving the local urban community.

Marketing Research

The process of gathering, analyzing, and interpreting data about a market, including competitors and consumers.

Implementing

The act of putting plans, strategies, or policies into action or effect.