What is meant by a country’s absolute advantage in production?
The ability to produce a good at a lower opportunity cost than another country
The ability to produce a good using fewer resources than another country
The ratio of the average price of its exports to its average price of its imports
The difference between the monetary value of its exports and imports
35 exam-style questions on OCR A Level Economics Specialisation and trade. Each one has a worked solution and a mark scheme showing where the marks go.