To say that an individual possesses an absolute advantage in the production of software means that he
A) has a lower opportunity cost of producing software.
B) can produce more,and/or higher quality,software in a given amount of time.
C) was the first to create the software.
D) charges the lowest price for software.
E) has the most capital.

Question

Quizplus · Accepted Answer

Possessing an absolute advantage in the production of software means being able to produce more and/or higher quality software in a given amount of time. It does not necessarily relate to opportunity cost, being the first to create the software, charging the lowest price, or having the most capital.

To Say That an Individual Possesses an Absolute Advantage in the Production