Question

Economics:

Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?
es )
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.

Answer 1

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.

Step-by-step explanation:

for example, let's say that a country could only produce there are three types of products. Product X, product Y, and product Z.

When a country have a comparative advantage to produce product X, it means that the country's resources is suitable to produce product X more efficiently compared to Y and Z. This make the cost of creating product X becomes the cheapest and will give that country the highest profit Margin.

When our country has a competitive advantage to produce product X. It means that if compared to another country who produce product X, our country able to produce product X more efficiently.