You have an absolute advantage in producing a product if you:
A)can produce the product using the fewest inputs.
B)can produce the product at the lowest opportunity cost.
C)have training in producing it.
D)have the most capital to work with.

Question

Quizplus · Accepted Answer

An absolute advantage occurs when you can produce a product using fewer inputs than others, meaning you can produce more efficiently in terms of resources used.

You Have an Absolute Advantage in Producing a Product If