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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

Respuesta :

Answer:

B.  

having a lower cost of production than other firms or nations

Explanation:

david8644

Answer:

B.having a lower cost of production than other firms or nations

Explanation:

Absolute advantage in economy is when an individual, a company, institution or a region to produce a greater and cheaper amount of products or services than others and that puts them on an advantage that can not be met and leaves the other producers and competitors into a disadvantage because they producer can create the same product with a lower cost.

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