History, 29.10.2019 03:31 ashleyallred3299

What is absolute advantage?

a.
having a lower opportunity cost to produce goods than other firms or nations
b.
having a lower cost of production than other firms or nations
c.
having more available resources for producing a good than other nations
d.
having fewer or no trade barriers for international trade than other nations

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What is absolute advantage?

a.
having a lower opportunity cost to produce goods...