Dimitri's family has lived in Costa Rica for generations and has learned that a country can have a Competitive Edge when certain conditions exist what status can I country achieve when it can produce something more efficiently using fewer resources?

Question

Dimitri's family has lived in Costa Rica for generations and has learned that a country can have a Competitive Edge when certain conditions exist what status can I country achieve when it can produce something more efficiently using fewer resources?
A. comparative advantage 
B. scarcity 
C. Absolute advantage 
D. specialization

GPT-4o mini · Answer

The correct answer is **C. Absolute advantage**. A country has an absolute advantage when it can produce a good or service more efficiently and with fewer resources compared to others.