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Two countries make the same good, and one of them simply makes more of it. That country holds the:
AAbsolute advantage
BMarginal advantage
CMonetary advantage
DSeasonal advantage
Answer & Solution
Correct answer: A. Absolute advantage
1. Only output is being compared.
2. One country produces more.
3. It holds the absolute advantage.
_Source: OpenStax Principles of Economics 3e, Chapter 33, International Trade._
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