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6.1.1 distinction between absolute and comparative advantage

What does absolute advantage compare between countries?

A

The physical output produced from the same quantity of resources.

B

The export revenue earned from the same quantity of resources.

C

The opportunity cost incurred from the same quantity of resources.

D

The market value generated from the same quantity of resources.

6.1.1 distinction between absolute and comparative advantage Flashcards

  1. Intl A Level
  2. /Economics
  3. /6.1.1 distinction between absolute and comparative advantage

22 flashcards on CIE Intl A Level Economics 6.1.1 distinction between absolute and comparative advantage: the key terms and definitions you need to recall.