A Country Is Said to Have an Absolute Advantage Over

question 181

True/False

A country is said to have an absolute advantage over another country in the production of a product if it uses more resources to produce that product than the other country does.

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Definitions:

Rate of Return

The financial gain or loss encountered on an investment over a fixed term, represented as a percentage of the investment's first expenditure.

EPS

Earnings Per Share, a key indicator of a company's profitability, calculated as the company's profit divided by the number of outstanding shares.

Rate of Return

The appreciation or depreciation in an investment's value over a set period, articulated as a percentage of the investment's buying price.