If a country produces only two goods,it is possible to have an absolute advantage in the production of both those goods.

Question

Quizplus · Accepted Answer

If a country has access to the necessary resources and technology, it is possible for them to produce both goods more efficiently than any other country, giving them an absolute advantage in both. However, this scenario is unlikely as it would require the country to have abundant and diverse resources, efficient production methods and skilled labor for both goods.

If a Country Produces Only Two Goods,it Is Possible to Have