If a nation can produce a good more quickly than any other nation, that nation has a(n):
A) comparative advantage.
B) absolute advantage.
C) relative advantage.
D) specialization advantage.

Question

Quizplus · Accepted Answer

A nation that can produce a good more quickly than any other nation has an absolute advantage in the production of that good. This means that the nation can produce the good more efficiently in terms of time and resources than any other nation.

If a Nation Can Produce a Good More Quickly Than