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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.

Respuesta :

Answer: a French shop produces more wooden clocks than its competitors

Explanation:

A P E X

Saudi Arabia is a prime example of a country having an absolute advantage over other countries.

This is due to the simplicity with which it can access its oil supplies, which significantly lowers the cost of extraction.

Option D is correct:  A French store creates more wooden clocks.

What would you say about absolute advantage?

Absolute advantage refers to a country's ability to generate more overall goods with the same amount of inputs.

Absolute advantage entails lower costs than other economies and the use of fewer resources to create the same amount of goods.

For more details about absolute advantage market to refer link:

https://brainly.com/question/13221821

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