Which of the following statements accurately describe the concepts of Absolute and Comparative Advantage in production? Select all that apply.

Absolute advantage means a country can produce more of a good using the same resources as another country, while comparative advantage means a country can produce a good at a lower opportunity cost than another. A country that has absolute advantage can still be worse off in terms of comparative advantage if it faces higher opportunity costs. The key idea is that trade is beneficial when each country specializes in the good for which it has a comparative advantage, even if it lacks absolute advantage. For example, if Country A can make 10 cars or 20 computers, and Country B can make 5 cars or 30 computers, Country A has an absolute advantage in cars and computers, but Country B has a comparative advantage in computers because its opportunity cost of a computer is lower. Thus, the correct statements are those that identify absolute advantage as higher output with the same resources and comparative advantage as lower opportunity cost.