What is the benefit in reaching the absolute advantage in the production of one good?

to produce more units of a good than other countries

to produce fewer units of a good than other countries

to produce more units of a good while using fewer resources

to produce fewer units of a good while using fewer resources

Question

Social Studies

Riley Banks

27 January, 15:15

What is the benefit in reaching the absolute advantage in the production of one good?

to produce more units of a good than other countries

to produce fewer units of a good than other countries

to produce more units of a good while using fewer resources

to produce fewer units of a good while using fewer resources

+2

Answers (2)

Know the Answer?

Agustin Boyd · Answer 1

To produce more units of a good while using fewer resources

Alissa Riley · Answer 2

The correct answer for above statement is:

to produce more units of a good while using fewer resources

Explanation:

A country with a full service can sell the good for less than the country that makes not have a complete advantage. Absolute advantage changes from a relative advantage, which includes to the energy to produce particular goods at a lower fitness cost.