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Scenario: Imagine a world with only two countries, A and B, producing only two products, X and Y, and both countries having the same production

Scenario: Imagine a world with only two countries, A and B, producing only two products, X and Y, and both countries having the same production technologies and resources. Additionally, each country uses the highest level of technology and fully utilizes all its resources. Given the above scenario, which of the following is fundamentally correct? Group of answer choices Country B has an absolute advantage in producing product Y if it can produce the unit of product X at a Lower absolute cost than country A. Country A has an absolute advantage in producing product X if it can produce the unit of product Y at a higher absolute cost than country B. Country B has an absolute advantage in producing product Y if it can produce the unit of product Y at a higher absolute cost than country A. Country A has an absolute advantage in producing product X if it can produce the unit of product X at a lower absolute cost than country B

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