QUESTION IMAGE
Question
the united states is said to have an absolute advantage in producing food compared with japan. what does that mean?
it must import most of its food from japan.
it produces food more efficiently than japan.
it produces food at a higher cost than japan.
it must export most of its food to japan.
In economics, absolute - advantage means a country can produce a good more efficiently (using fewer resources) than another country. If the US has an absolute advantage in food production over Japan, it implies the US can produce food more efficiently.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
It produces food more efficiently than Japan.