The amounts of cheese and bread that England and Spain can produce in 40 hours are as shown in the following table

Cheese

Bread

England

40

20

Spain

20

5

Which country has a comparative or absolute advantage in each product?

Select one:

England has a comparative advantage in both goods, and Spain has an absolute advantage in cheese.

England has a comparative advantage in cheese, and Spain has an absolute advantage in both goods.

England has a comparative advantage in bread, and Spain has an absolute advantage in cheese.

England has a comparative advantage in bread, and Spain has an absolute advantage in neither good.