When one country can produce a product at a lower opportunity cost in terms of other goods, that country is said to have:
A an absolute advantage.
B a comparative advantage.
C a productive advantage.
D an unfair advantage.
2006-12-21 10:30:19 · 5 answers · asked by ~daweed~ 3 in Education & Reference ➔ Higher Education (University +)
i would go with C
2006-12-21 10:31:51 · answer #1 · answered by Anonymous · 0⤊ 1⤋
C) A Productive Advantage
2006-12-21 18:32:51 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It's B, Comparative Advantage. Absolute Advantage is where a country is the ONLY producer of goods and has an "absolute" advantage, like South Africa and diamonds.
The other two options are not valid business terms.
2006-12-21 18:32:27 · answer #3 · answered by Fire Millen 2 · 0⤊ 0⤋
a productive advantage
2006-12-21 18:32:09 · answer #4 · answered by nevcell 1 · 0⤊ 1⤋
c
2006-12-21 18:32:05 · answer #5 · answered by Jessica R 3 · 0⤊ 1⤋