Answer:
A factory in Vietnam can produce more shoes than other countries.
Explanation:
Absolute advantage is the potential of an individual, a company, or a country to produce a higher quantity of output than its competitors while using the same inputs. It means an institution with absolute advantage has more efficiency in producing a particular commodity than its rivals. It utilizes lower marginal cost (materials and labor), making its output much cheaper than others.
A factory in Vietnam has an absolute advantage because it can produce shoes at a lower cost than others. Absolute advantage makes the factory more competitive in the market than its rivals.
Answer:A) A factory in Vietnam can produce more shoes than other countries.
Explanation: got it right in the quiz!!!!
