11
QuizMultiple Choice

International Trade

Question 11 • IL-Economics

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

Answer
A
to produce more units of a good than other countries
B
to produce fewer units of a good than other countries
C
to produce more units of a good while using fewer resources
D
to produce fewer units of a good while using fewer resources

Explanation

Absolute advantage means producing a good more efficiently than another country: a producer can make more units with the same resources, or the same number of units with fewer resources. Choice C, “to produce more units of a good while using fewer resources,” captures this benefit.

AI-written and checked against the verified answer.

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