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QuizMultiple Choice

International Trade

Question 1 • IL-Economics

A country with an absolute advantage can produce a good or service

Answer
A
more slowly than another country.
B
more efficiently than another country.
C
less efficiently than another country.
D
in twice the time as another country.

Explanation

A country has an absolute advantage when it can produce a good or service using fewer resources—or produce more with the same resources—than another country. This means it produces the good more efficiently. So the correct choice is “more efficiently than another country.”

AI-written and checked against the verified answer.

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