Country A can produce 150 bushels of corn or 450 yards of silk, while Country B can produce 100 bushels of corn or 300 yards of silk. Which of the following statements correctly classifies the production capabilities of these countries based on absolute and comparative advantage?

Absolute advantage refers to a country's ability to produce more of a good with the same resources compared to another country. In this case, Country A has an absolute advantage in both corn and silk because it can produce more of each than Country B. However, comparative advantage looks at the opportunity cost of producing one good over another. Country A's opportunity cost for producing corn is 3 yards of silk per bushel, while Country B's opportunity cost for corn is 3 yards of silk as well. Since both countries have the same opportunity cost for corn, they do not have a comparative advantage in that good, but they should specialize in what they produce most efficiently based on other factors, like resources or technology.