Absolute advantage is found by comparing different producers'
A)opportunity costs.
B)payments to land, labor, and capital.
C)input requirements per unit of output.
D)locational and logistical circumstances.

Question

Quizplus · Accepted Answer

Absolute advantage is determined by comparing the input requirements per unit of output between different producers, indicating which producer can produce a good using fewer resources.

Absolute Advantage Is Found by Comparing Different Producers