38
QuizMultiple Choice

N/A — Exam

Question 38 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

What are the two steps a producer can take to gain an absolute advantage? Choose two correct answers.

Answer
A
Produce more expensive goods.
B
Use local resources.
C
Use high-quality resources.
D
Use fewer resources.
E
Produce high-quality goods.
F
Produce more goods.

Explanation

Absolute advantage means producing more output with the same amount of resources, or producing the same output with fewer resources. Therefore, using fewer resources and producing more goods are the two ways to gain an absolute advantage.

AI-written and checked against the verified answer.

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