Question

A country that can produce a good more efficiently than another country has with the same number of resources has the an import advantage. an export advantage. a comparative advantage. an absolute advantage.

Answer 1

When analyzing the efficiency at which a good is produced, a country that is more capable and efficient at creating that good with the same resources as their counterparts, is found to have a strong comparative advantage in the production of this good, due to their ability to manufacture it more effectively.