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Which statement is true of the United States?
O It has an absolute advantage in all natural resources traded with other nations.
O It has an abundance of certain resources that create an advantage over many nations.
O It has a comparative advantage in production of both diamonds and bananas.
O It has a consumption level lower than its own production possibilities.

Verified Answer :

GinnyAnswer

Final answer:

The United States has an advantage over many nations due to an abundance of certain resources and benefits from trade through comparative advantage.


Explanation:

The United States has an abundance of certain resources that create an advantage over many nations.

Comparative advantage is the key in trade, as it allows each country to specialize in what it does best and benefit from trading with other nations.

For example, Chile and Zambia's rich copper mines show comparative advantage in that sector.


Learn more about Comparative Advantage in Trade here:

https://brainly.com/question/30629314


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