Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage? A)
B)
A country with an absolute advantage will always have a comparative
advantage in producing products.
A country with a comparative advantage can produce a greater output of a
products than a country with an absolute advantage.
A country with an absolute advantage can produce a product at a lower
opportunity cost than a country with a comparative advantage in producing
all products.
A country with a comparative advantage can produce a product at a lower
opportunity cost, even if another country has an absolute advantage in the
production of all goods.
C)
D)