Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Country A specializes in producing kiwis. Country B specializes in producing oranges. As a result, Country A can consume more kiwis and oranges than it could have if it had tried to grow kiwis oranges itself and had decided not to trade. This illustrates the concept of: Group of answer choices The gains of trade Absolute advantage Supply

Sagot :

jaquelinefvr

This scenario better illustrates the concept of absolute advantage, as both countries are specialized in one product.

What is the absolute advantage?

It is an economic approach that helps to understand how a country's specialization in the production and sale of a product and service helps economic development, as there can be trade between countries with different specializations, generating funds obtained from the export of goods.

Therefore, absolute advantage helps countries to trade and develop economically.

Find out more about absolute advantage here:

https://brainly.com/question/9067127

#SPJ1

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.