what kind of advantage does a country have if it can make a product more efficiently?\n an import…
what kind of advantage does a country have if it can make a product more efficiently?\n an import advantage.\n an export advantage.\n a comparative advantage.\n an absolute advantage.
Answer
Brief Explanations:
Absolute advantage occurs when a country can produce a good or service more efficiently (using fewer resources) than another country. Comparative advantage is about lower opportunity - cost. Import and export advantages are not the terms used in this context.
Answer:
D. an absolute advantage.