What distinguishes comparative advantage from absolute advantage in production?(1 point) Responses A country has comparative advantage in production when its opportunity costs of producing a good are higher than another country's. A country has comparative advantage in production when its opportunity costs of producing a good are higher than another country's. A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's. A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's. A country has comparative advantage in production when it requires more total inputs than does another country to produce the same output. A country has comparative advantage in production when it requires more total inputs than does another country to produce the same output. A country has comparative advantage in production when it requires fewer total inputs than does another country to produce the same output.

Answer 1

The correct response distinguishing comparative advantage from absolute advantage is:

A country has comparative advantage in production when its opportunity costs of producing a good are lower than another country's.

In contrast, absolute advantage refers to the ability of a country to produce a good using fewer resources or inputs than another country.