What is the benefit in reaching the absolute advantage in the production of one good?
to produce more units of a good than other countries
to produce fewer units of a good than other countries
to produce more units of a good while using fewer resources
to produce fewer units of a good while using fewer resources
The benefit of reaching absolute advantage in the production of one good is to produce more units of a good while using fewer resources. This can lead to increased efficiency, decreased production costs, and potentially higher profits.
