00:01
Hello, students, we are asked in the question which situation best describe the concept of absolute advantage.
00:07
So if i write here absolute advantage, if i write here for this, refers to the scenario, refers to the concept, to the concept if i write here, whereby a goat or a service can be can be produced in higher quantity in higher quantity right in higher quantity at same cost at same cost by a company by a company when compares when if i write here when compares to others right if i write here so it can be, code and services can be produced by nation too.
01:33
So if i read all the options, the options may be.
01:37
The factory in vietnam can produce more shoes than other countries.
01:40
The total value of us export is lower.
01:43
So this is not the option.
01:44
The software company is forced to increase its prices.
01:47
So it is a price matter...