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ECONOMICS !!!!
Which situation best illustrates the concept of absolute advantage?
O A. The total value of Japanese imports is greater than the total value
of the country's exports.
O B. A German factory can build more sports cars than foreign
factories.
O C. Most of the world's largest companies have operations in many
different countries.
D. A French restaurant buys food from nearby farms to support the
local economy

ECONOMICS Which situation best illustrates the concept of absolute advantage O A The total value of Japanese imports is greater than the total value of the coun class=

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nooris0663

Answer:

B

Explanation:

Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.  

Answer:

B

Explanation:

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