题目
题目
单项选择题

What is absolute advantage?

选项
A.a. An advantage a country has when they are able to produce a product at a lower opportunity cost than another country
B.b. The advantage that one country has over another when they possess a greater quantity of resources
C.c. An advantage a country has when they are able to produce a product using fewer resources than another country
D.d. An advantage obtained by a firm who has been given cash subsidies from the government
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标准答案
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思路分析
To tackle the concept, I’ll evaluate each option in turn and explain why it does or does not align with the standard definition of absolute advantage. Option a: 'An advantage a country has when they are able to produce a product at a lower opportunity cost than another country.' This describes comparative advantage, not absolute advantage. Lower opportunity cost means the country sacrifices less of other goods to produce this......Login to view full explanation

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Question at position 2 Which of the following is true of the absolute advantage theory of international trade? It emphasizes relative advantage in one economic activity that one nation enjoys in comparison with other nations. It divides the countries of the world into three categories based on innovation.It advocates extensive government intervention in international trade.It was the first theory that advocated free trade.

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