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In Business / College | 2025-07-05

A country that can produce goods for less than any other country has an absolute advantage.
True
False

Asked by julieoathout

Answer (1)

The statement is true; a country that can produce goods more efficiently and at lower costs than others possesses an absolute advantage. This concept is crucial for analyzing international trade. Distinguishing it from comparative advantage enhances understanding of global economics. ;

Answered by GinnyAnswer | 2025-07-05

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