Which of the following refers to the ability of a nation to produce a good more efficiently than any other nation?

A) mercantilism
B) comparative advantage
C) absolute advantage
D) neomercantilism

C

Business

You might also like to view...

Describe the various categories of consumer products with examples

What will be an ideal response?

Business

Aspirational or membership reference groups have an important influence on the purchase of goods viewed as conspicuous

Indicate whether the statement is true or false

Business