Explain the difference between absolute advantage and comparative advantage. Provide an example to illustrate your explanation. (5 points)

The difference between absolute advantage and comparative advantage is that absolute advantage is when a country requires less physical resources than another country to produce a particular good or service while comparative advantage is when a country has a lower opportunity cost than another country to produce a particular good or service.advantage.

Explanation:

For example, Florida has an absolute advantage over Canada in production of Orange Juice because we have the correct climate for oranges to thrive in, so we have a lot of them. A comparative advantage would be Country 1 can produce 100 units of a product using 100 workers, while Country 2 can produce the same amount of units but using 80 workers. So, Country 2, has comparative

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