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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
Which of the following statements is true regarding absolute advantage?
It focuses on the country that can produce a good using fewer resources
It emphasizes the country that can produce a good at a lower opportunity cost
It refers to the country with the most advanced technology
It pertains to the country with the highest labor productivity
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
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Absolute Advantage
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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