When a producer has an absolute advantage at producing a good,it means the producer:
A)can produce more of that good than others with the same number of workers.
B)has the ability to produce a good or service at a lower opportunity cost than others.
C)has no reason to trade with others.
D)is less efficient than other producers.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a producer to produce more of a good or service than others using the same amount of resources.

When a Producer Has an Absolute Advantage at Producing a Good,it