Question

The country of Cretonia is the only source of the rare mineral zhytan used in nuclear reactors. The country of Fredonte can produce twice as much creosote as any other country using the same amount of input resources. Both nations enjoy a( n ) ____ advantage.

a. comparative
b. resource/input
c. absolute
d. hard-core technological

Answer 1

Answer: Absolute Advantage.

Explanation:

The countries Cretonia and Fredonte posses absolute advantage in the areas of production of Zhytan and Creosote. Absolute Advantage is the ability of an individual/organization/country to produce more of a product than their competitors within a given time period.