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This is the ability of a nation or region to produce more of a certain product than another country or region

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User EeeeeK
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1 Answer

3 votes

Answer:

Absolute advantage

Step-by-step explanation:

Absolute advantage is an economic term that describes a country's superior production capacity. It means that one country can produce a larger output using the same quantity of inputs. The country uses few resources and low costs to produce the same quantity and quality goods compared to other countries.

For example, Brazil produces more bananas cheaply than the US. Brazil has an absolute advantage.

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