The person who has an absolute advantage in a task
A)can perform the task at a lower opportunity cost than anyone else.
B)is the person who should do the task.
C)can perform the task at a higher opportunity cost than anyone else.
D)is the one who is best at the task.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of an individual, company, or country to produce a good or service more efficiently than competitors, using the same amount of resources. This means they are the best at performing the task.

The Person Who Has an Absolute Advantage in a Task