Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good.

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​Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good.

Alyssa Rodriguez · Accepted Answer

Final Answer : False, Explanation :  Trade between nations is often based on comparative advantage, not absolute advantage. Comparative advantage occurs when a country can produce a good at a lower opportunity cost compared to other countries, not necessarily at a lower absolute cost.

Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good.

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​Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good.

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Trade between nations is based on absolute advantage, which occurs when a country has a lower opportunity cost of producing a good.