Answered

Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Is beyond the firm's capabilities to produce domestically but could be achieved by trading with another country?

Sagot :

gauravsingh23VT

Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.

What is Absolute advantage?

Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.

International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.

Thus, it is absolute advantage.

For more details about Absolute advantage, click here:

https://brainly.com/question/13221821

#SPJ4

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.