Social Studies, 24.10.2021 05:30 ballin2126
Which situation best illustrates the concept of absolute advantage?
A. A factory in Vietnam can produce more shoes than other
countries.
B. The total value of U. S. exports is lower than the value of the
country's imports.
C. A software company is forced to increase its prices to pay for
rising labor costs.
D. A restaurant buys its ingredients from nearby farms to help the
local economy
Answers: 1
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Which situation best illustrates the concept of absolute advantage?
A. A factory in Vietnam can pr...
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