Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?
A country with an atbsolute advantage in producing a product will always have a comparative advantage in
producing that product
A country with a comparative advantage can produce a greater output of a products than a country with an
absolute advantage.
A county with an atbsolute advantage in producing a product can produce that product at a lower opportunity
cost thana country with a comparative advantage in producing that product
A country with a comparaive advantage in a product can produce that product at a lower opportuity cost, even
it another cOuntry has an absolute advantage in the production of that good