Which situation best illustrates the concept of absolute advantage?
A. A beach in Egypt has become a popular attraction for tourists from many countries.
B. Efficiency at a Thai car factory has declined due to the rising cost of steel.
C. The total value of Chinese exports is much greater than the value of the country's imports.
D. AFrench shop produces more wooden clocks than its competitors.
Answers: 1
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Which situation best illustrates the concept of absolute advantage?
A. A beach in Egypt has become...
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