Which of the following statements correctly describe the concepts of absolute and comparative advantage? Select all that apply.

Absolute advantage means that a person or country can produce more of a good or service than another person or country using the same amount of resources. For example, if Country A can make 10 cars using the same resources that Country B uses to make 5 cars, Country A has an absolute advantage in car production. On the other hand, comparative advantage occurs when a person or country can produce a good at a lower opportunity cost than another. This means that even if one country is better at producing everything, it should still focus on what it can produce most efficiently. For instance, if Country A is better at making both cars and computers, but it has a much lower opportunity cost for cars, it should specialize in cars while Country B, which is less efficient overall, focuses on computers.