Which of the following is an example of absolute advantage?
A) A forest where rare species of flower grows.
B) A country where it is cheaper to produce coffee.
C) A country where products have been produced for a great many years.
D) All of the above are examples.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a party to produce a good or service more efficiently than its competitors. In this context, a forest where rare species of flowers grow represents an absolute advantage because it is a unique resource that cannot be replicated by others, allowing for more efficient production of goods or services related to those flowers.

Which of the Following Is an Example of Absolute Advantage