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.

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.

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.