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Problem

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question

What is absolute advantage?

category

economics

options

  1. Absolute advantage is determined by the size of a country's population.
  2. Absolute advantage is when a country can produce a good using fewer hours of labor, regardless of efficiency.
  3. Absolute advantage is when a country has more resources than another.
  4. Absolute advantage is when a country's products are in higher demand globally than another's.
  5. Absolute advantage exists when one nation can produce a good more cheaply and efficiently than another.
  6. Absolute advantage is when a country has a more skilled workforce than another.
  7. Absolute advantage is when a country can produce a wider variety of goods than another.
  8. Absolute advantage is when a country has trade agreements with more nations than another.
  9. Absolute advantage is when a country has a higher GDP than another.
  10. Absolute advantage is when a country has more advanced technology in all sectors than another.

src

stemez-Economics

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