What are the two steps a producer can take to gain an absolute advantage? 1. Produce more goods. 2. Use high-quality resources. 3. Produce more expensive goods. 4. Use fewer resources. 5. Produce high-quality goods. 6. Use local resources. I put the answers as 2, 3, and 5. Are those correct?

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Jax Frank

26 June, 07:29

What are the two steps a producer can take to gain an absolute advantage? 1. Produce more goods. 2. Use high-quality resources. 3. Produce more expensive goods. 4. Use fewer resources. 5. Produce high-quality goods. 6. Use local resources. I put the answers as 2, 3, and 5. Are those correct?

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Alejandra Peck · Answer 1

I think the correct answers from the choices listed above are options 1, 4, 5 and 6. The steps a producer can take to gain an absolute advantage are to p roduce more goods, u se fewer resources, p roduce high-quality goods and u se local resources. Hope this answers the question.