The ability of a country to produce a good or service at a lower cost than its trading partners is

A) its absolute advantage.
B) its comparative advantage.
C) both its absolute and comparative advantage.
D) neither its absolute nor its comparative advantage.

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Comparative Advantage

The capability of an entity to generate a product or service with a smaller opportunity cost compared to another entity.