1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
musickatia [10]
10 months ago
15

Based on the definition of specialization and comparative advantage, what area in the world could be said to have a comparative

advantage in oil production?
Social Studies
1 answer:
horrorfan [7]10 months ago
6 0

The area in the world that could be said to have a comparative advantage in oil production is Saudi Arabia

<h3>Who has the comparative advantage in the production?</h3>

If someone can create something for less money than anyone else, they have a comparative advantage. Comparative advantage is different from superiority in a given field.

The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade.

Recall that the potential cost of creating commodities was used to define comparative advantage. Saudi Arabia has a comparative edge in oil production because it makes the fewest sacrifices per barrel of oil. Saudi Arabia has a distinct advantage in the oil industry since it can create it in just one hour.

Learn more about comparative advantage from

brainly.com/question/7045530
#SPJ1

You might be interested in
Why did the colonists declare independence from Great Britain? (What were they so angry about?)
Rainbow [258]

Answer:

The King and Parliament believed they had the right to tax the colonies. ... Many colonists felt that they should not pay these taxes, because they were passed in England by Parliament, not by their own colonial governments. They protested, saying that these taxes violated their rights as British citizens.

gl:)

7 0
3 years ago
(02.07 LC) You are shopping for groceries, and you can choose between fresh fruit and juice. Which is better for your nutrition
yKpoI14uk [10]
Fruit because has natural sugars. Juice has added sugars that are unhealthy
6 0
3 years ago
Read 2 more answers
In what region of europe did absolute monarchy help most directly with economic modernization?
kirill115 [55]

Answer:

The Most Successful Absolute Monarch in Europe was Louis XIV of France. Of all the absolute rulers in Europe, by far the best example of one, and the most powerful, was Louis XIV of France. Although Louis had some failures, he also had many successes.

Explanation:

6 0
11 months ago
__________ was/were most likely to support a strong state government and a weak national government.
Feliz [49]
<span>The Anti-Federalists I believe. :)</span>
3 0
3 years ago
The topic is about Aphrodite, the goddess.
Allisa [31]

Answer:

Aphrodite, ancient Greek goddess of sexual love and beauty, identified with Venus by the Romans.

Explanation:

4 0
3 years ago
Other questions:
  • What was the purpose of the bank holiday Roosevelt declared
    13·1 answer
  • All of the following are required to determine the potential of a changing criterion design to demonstrate experimental control
    7·1 answer
  • Socrates said to his jurors, "Are you not ashamed that, while you take care to acquire as much wealth as possible, with honor an
    9·1 answer
  • [CORRECT ANSWER GETS THE POINTS]
    6·2 answers
  • The Iliad tells a story about the _______ War.<br> A. Trojan<br> B. Mycenaean<br> C. Crete
    5·1 answer
  • What is ???????????????
    7·1 answer
  • Unit #6, Reading (Activity 19, T/B p-101) After you read, decide if each sentence is true (T) or false (F). ______ 1. The Kem Ke
    7·1 answer
  • Which european nation conquered columbia, venezuela, and ecuador by the mid-1500s?
    9·2 answers
  • Daily playtime ranges from 30 to 60 minutes. A suitable measure for appropriate interactions might be
    5·1 answer
  • Which statements describe the Peary Land ecosystem?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!