Question

Theory of absolute advantage

includes________


1It emphasizes the

demand side as well


2Through specialization,

countries could increase

their efficiency


3it assumes that there

is only one factor of

production


4countries should

export more than

they import​

Answer 1

Answer:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

Explanation:

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