Most absolute advantage situations involve __________ that one country has and others do not have.
A) Natural resources
B) Monopolistic competition
C) Inexpensive labor
D) Brain drain

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a country to produce a particular good or service more efficiently than other countries. This often comes from having access to natural resources that are either unique to that country or more plentiful than in other countries. Therefore, most absolute advantage situations involve natural resources that one country has and others do not have.

Most Absolute Advantage Situations Involve __________ That One Country Has