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A producer is said to have an absolute advantage in the production of a good when the producer ...
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A producer is said to have an absolute advantage in the production of a good when the producer ...
A producer is said to have an absolute advantage in the production of a good when the producer ________ compared to other producers.
▸ can produce more units of the good per hour
▸ has a lower opportunity cost
▸ can sell the good at a higher price
▸ has a higher opportunity cost
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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can produce more units of the good per hour
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Thank you, thank you, thank you!
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