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In Business / College | 2025-07-05

What is the benefit in reaching the absolute advantage in the production of one good?
A. to produce more units of a good than other countries
B. to produce fewer units of a good than other countries
C. to produce more units of a good while using fewer resources
D. to produce fewer units of a good while using fewer resources

Asked by alicialee274

Answer (2)

Having an absolute advantage allows a country to produce more units of a good using fewer resources, enhancing efficiency and the potential for trade. This leads to economic growth and improved living standards. It is a key concept in international economics and trade. ;

Answered by GinnyAnswer | 2025-07-05

The benefit of reaching an absolute advantage in production is that a country can produce more units of a good while using fewer resources, which enhances efficiency and allows for profitable trade. This leads to economic growth and improved living standards. Therefore, the correct option is C.
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Answered by Anonymous | 2025-08-03