The table presents the output of rice and cotton for countries X and Y. Each country allocates its resources equally to producing rice and cotton. According to the law of comparative advantage, which statement is correct?
- ACountry X has the higher opportunity cost in producing cotton.
- BCountry Y has the lower opportunity cost in producing rice.
- CCountry X should produce both goods as the opportunity cost is the same.
- DCountry Y should produce both goods as it has an absolute advantage in both.