Question: Which of the following statements istrue?

• If a country has absolute advantage in producing all goods, there are no benefits of trade for that country
• If a country has comparative advantage in producing a good but not an absolute advantage, there are benefits of trade for that country
• If a country has a comparative advantage in producing a good, it must also have an absolute advantage in that good
• If a country has an absolute advantage in producing a good, it must also have a comparative advantage in that good