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Question
absolute advantage is:
select one:
a. producing with fewer workers only
b. patent strength
c. borrowing capacity
d. ability to produce more efficiently
Absolute advantage refers to the ability of an entity (individual, firm, country) to produce a good or service using fewer resources (or more output with the same resources) than another entity, which is the core of "producing more efficiently." Option a is incorrect because it limits the advantage to "fewer workers only" (resources include more than labor). Options b and c are unrelated to production efficiency.
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d. Ability to produce more efficiently