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Business, 11.10.2019 00:40, tmark45

Why is the middle east said to have a comparative advantage in producing oil?

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History, 28.06.2019 09:50, jaylaa04

5. why is the middle east said to have a comparative advantage in producing oil? @ middle east nations are the biggest consumers of oil. 6 middle east nations can produce oil less expensively. © middle east nations export only oil. @ middle east nations employ cheap labor. score done

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History, 28.06.2019 12:30, arri05

Why is the middle east said to have a comparative advantage in producing oil?

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Business, 12.09.2019 02:30, memphissmith5779

"" the theory of comparative advantage shows that the gains from international trade do not just result from the absolute advantage of producing at lower cost, but also from pursuing comparative advantage and producing at a lower

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Business, 23.09.2019 19:30, lilbrown6369

If a country has an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good. an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good. a comparative advantage in production of a good, it must also have an absolute advantage in producing that good. an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good. none of these answers is correct.

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