Question

Which of the following BEST defines absolute advantage in terms of

international trade?
OA) wheb a nation only imports and never exports
OB) when a nation only exports and never imports
OC) when a nation has more buying power than any other nation
when a nation can produce a good or service more efficiently than
any other nation

Answer 1

When a nation can produce a good or service more efficiently than any other nation.

Step-by-step explanation:

Absolute advantage is the ability to produce a greater quantity of a good or service more efficiently. This translates into a better use of inputs per unit of time, or with a lesser quantity of inputs than another producer (country, company)