International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 5.3, Problem 1QS3
Summary Introduction

To Explain:

A nation that is able to produce a good more efficiently than other country is said to have what.

Introduction:

The ability of a nation to produce more efficient goods than other countries is known as absolute advantage.

Solutions:

A nations that is able to produce more efficient good than any other country is said to have absolute advantage.

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