QUESTION IMAGE
Question
country a can produce more coal than country b. an economist would say that country a has ______ over country b.
an export advantage
a comparative advantage
an absolute advantage
a production possibility advantage
Absolute advantage refers to the ability of a country to produce more of a good than another country using the same amount of resources. Since Country A can produce more coal than Country B, it has an absolute advantage in coal production. Comparative advantage relates to lower opportunity cost, export advantage is about exporting more, and production possibility advantage is not a standard economic term for this scenario.
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an absolute advantage