The concept of absolute advantage relies on
A) the idea of comparative advantage.
B) the ability to produce more units of an item with a given amount of resources.
C) the idea of opportunity cost.
D) the concept of economic efficiency as measured on the production possibility curve.

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability to produce more units of an item with a given amount of resources.

The Concept of Absolute Advantage Relies on