Solved

When a Producer Has an Absolute Advantage at Producing a Good

Question 40

Multiple Choice

When a producer has an absolute advantage at producing a good, it means the producer:


A) can produce more of that good than others with the same amount of resources.
B) has the ability to produce a good or service at a lower opportunity cost than others.
C) has no reason to trade with others.
D) is less efficient than other producers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions