What is the benefit in reaching the absolute advantage in the production of one good?
Oto produce more units of a good than other countries
to produce fewer units of a good than other countries
Oto produce more units of a good while using fewer resources
Oto produce fewer units of a good while using fewer resources

Question

14-06-2022
Business

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What is the benefit in reaching the absolute advantage in the production of one good?
Oto produce more units of a good than other countries
to produce fewer units of a good than other countries
Oto produce more units of a good while using fewer resources
Oto produce fewer units of a good while using fewer resources

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marvineetesh3 marvineetesh3 · Answer 1 · 2022-06-23T03:51:33+02:00

The benefit in reaching the absolute advantage in the production of one good to produce more units of a good than other countries. Option A is correct.

What is the absolute advantage?

The ability of a party to produce a good or service more efficiently than its rivals is the foundation of the principle of absolute advantage. This idea or principle was first introduced in 1776 while covering international trade and using labor as the sole input.

Therefore, option A is correct.

To learn more about the absolute advantage, refer to:

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