Absolute advantage is the ability of an individual. a firm. or a country to

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This Question: 1 pt 4 of 8 (3 Absolute advantage is the ability of an individual, a firm, or a country to A. produce more of

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Answer

Q 1. Option A

The absolute advantage arises when a
nation produces more quantity of output using the same
resources.

Q2. Option A

Comparative advantage arise when a
nation can produce a good at a lower opportunity cost when compared
with other nation


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