Question

The primary difference between absolute and comparative advantage is

a. Absolute advantage refers to the ability to produce more of a good or service using the same amount of resources, and comparative advantage refers to the ability to produce a good or service at a lower opportunity cost

b. Absolute advantage doesn't change as time passes, while comparative advantage does

c. Absolute advantage is a concept that was utilized in communist countries, and comparative advantage is a capitalist idea

d. Absolute advantage refers to the ability to produce a good or service at a lower opportunity cost, and comparative advantage refers to the ability to produce more of a good or service using the same amount of resources