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Objective/s: Explain the ideas of comparative and absolute advantage and illustrate the concepts by comparing two countries. Instructions: Imagine that two countries, Philippines and Mexico, with the production capacities in rice and tortillas listed below. Philippines Mexico Rice Tortillas Rice Tortillas If Philippines and Mexico decided to produce only rice and tortillas, respectively, and wanted to trade with each other, both countries could benefit. Explain how. Hint: Identify the opportunity cost of producing each good for each country. Identify which country has absolute advantage. Identify the comparative advantages of each country. So, when a country has no absolute advantage it can have no comparative advantage? Why or why not