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musickatia [10]
1 year 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]1 year 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

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what were the disadvantages of monopolies during the gilded age and how was it used by Robber barons?
mash [69]

Answer:

In hindsight, <u>from the Gilded Age </u><u>monopolists </u><u>perspective they would say that they have pushed too far with manipulation of prices and thus brought negative reaction and counter measures from the general public.</u> In particular, farmers in the Western country demanded that the government set maximum prices on railroads because monopolist had uncontrolled pricing power. Through the Granger movement they achieved passing of  some of the ‘Granger Laws’ and set pricing limit on some services.  

This concerned other industries as well. For example, the famous <u>Robber baron</u> Vanderbilt was competing with steamboat monopoly that controlled transportation between New York City and Albany. Using populist rhetoric and peoples line to bring down monopolies, he was trying to pave the way for his own business. Meanwhile, <u>the monopolistic Hudson River Steamboat Association end up paying him a great amount of money so that he would stop doing it</u>.

6 0
3 years ago
The largest unexplored potential for metallic minerals in offshore sand deposits may exist along the west coast of ________.
skelet666 [1.2K]

The largest unexplored capability for metallic minerals in offshore sand deposits may also exist along the west coast of South America.

Metallic minerals occur in rare, clearly formed concentrations known as mineral deposits. these deposits can consist of a ramification of metal minerals containing precious metals which might be used in various components of our everyday lives including nickel (pentlandite) and copper (chalcopyrite).

We commonly find metallic minerals in igneous rocks. Iron, nickel, chromites, and platinum are some of the examples of minerals that are determined in igneous rocks. Igneous rocks can alternate into metamorphic rocks.

Luster describes how the mineral displays light. Metallic luster looks as if a sparkly metallic inclusive of chrome, steel, silver, or gold. metallic minerals are also usually opaque. Non-metal minerals may be brilliant and reflect mild, but, they do not appear like metal. Iron ore, copper, gold, zinc, silver, manganese, and chromite are examples of metallic minerals.

Learn more about  metallic minerals here: brainly.com/question/89259

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4 0
1 year ago
N a laboratory, smokers are asked to drive using a computerized driving simulator. They are asked to cover the maximum distance
Nastasia [14]

Answer:

placebo

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the cigarette without nicotine is a placebo. This term refers to a substance that has no chemical effects and is given to a patient or test subject instead of the actual drug, in order to compare the effects that it has to the individual in comparison to the effects of the individuals that take the actual drug. Which is what the researcher are doing in this scenario as they test the reactions that nicotine has on individuals with those that just think they are smoking a cigarette.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
What contribution did Prince Henry the Navigator of Portugal make toward European exploration?
nata0808 [166]

Answer:

Prince Henry the Navigator provided Columbus with the funding he needed to build the most innovative ships in Europe. The scientific discoveries of the Portuguese allowed for navigation of the North Sea and trade with Viking merchants.

hope this help:)

7 0
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Explain how andrew carnegie helped build america.
Lapatulllka [165]

The Scottish-born American industrialist and philanthropist Andrew Carnegie (1835-1919) was one of the first "captains of industry." Leader of the American steel industry from 1873 to 1901, he disposed of his great fortune by endowing educational, cultural, scientific, and technological institutions.

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