(Solved): What is the difference between comparative and absolute advantage? There is no difference, both desc ...

What is the difference between comparative and absolute advantage? There is no difference, both describe methods of task allocation Someone with an absolute advantage can produce a good more efficiently than others, while someone with a comparative advantage can carry out tasks with a lower opportunity cost Someone with a comparative advantage can produce a good more efficiently than others, while someone with an absolute advantage can carry out tasks with a lower opportunity cost None of the options is correct