An Absolute Advantage Exists When

question 202

Multiple Choice

An absolute advantage exists when

• A) a country has a superior political system.
• B) a country can produce a product more cheaply and/or of higher quality than any other country.
• C) a country has more natural resources than all other countries.
• D) a country has lower labour costs than all other countries.
• E) a country can make almost all products more efficiently than other countries.