Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country can?
A) monopolistic advantage
B) national competitive advantage
C) resource advantage
D) absolute advantage
E) comparative advantage

Question

Quizplus · Accepted Answer

D)An absolute advantage, though rare, exists when a country can produce something more cheaply and/or of higher quality than any other country can.

Which of the Following Exists When a Country Can Produce