Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
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
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
