IDNLearn.com: Your destination for reliable and timely answers to any question. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.
Sagot :
The ability of a party to provide an item or service more effectively than its competitors is referred to as the principle of absolute advantage in economics.
How do you find an absolute advantage?
Look at the greater of the two numbers for each product to compute absolute advantage. Canada has the overwhelming advantage in lumber since one worker can produce more lumber (40 tons versus 30 tons).
The ability of a party (a person, corporation, or country) to provide a good or service more effectively than its competitors is referred to as the principle of absolute advantage in economics.
Thus, Country A would have an absolute advantage as it produces more bananas.
For more information about Absolute Advantage refer to the link:
https://brainly.com/question/13221821
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.
