NECO Economics 2023 Objective — Question 47

Country M enjoys absolute advantage over country N in the production of commodities X and Y, if country M A. can produce only commodity Y cheaper than country N B. is more efficient than country N in producing both commodities X and Y C. is inefficient in the production of both commodities X and Y D. and country N are efficient in the production of both goods

• A. can produce only commodity Y cheaper than country N
• B. is more efficient than country N in producing both commodities X and YCorrect
• C. is inefficient in the production of both commodities X and Y
• D. and country N are efficient in the production of both goods