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

Absolute advantage exists when a country can produce a good more cheaply or of higher quality than any other country.

Which of the Following Exists When a Country Can Produce