Which option gives the correct description of absolute advantage?
- AIt is when a country has a higher opportunity cost in producing a good than another country.
- BIt is when a country has a lower wage cost in producing a good than another country.
- CIt is when the relative prices of exports of a country are greater than the relative prices of its imports.
- DIt is when a country’s output of a good is greater per unit of resource than another country.