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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

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Which event is most likely to be considered a normative age-graded influence on development?
lilavasa [31]

The events that are most likely to be considered a normative age-graded influence on development are marriage and retirement

<h3>What is a normative age-graded influence on development?</h3>

This refers to the various things that cause changes in the lifestyle of a person and can be biological or environmental.

Hence, we can see that when a person gets married, he undergoes a normative age-graded change as his lifestyle and habits change, the same thing happens when someone retires.

Read more about normative age-graded influence here:

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(06.02 MC) According to the chart below, which planet has the smallest inner core? Image describing the composition of the terre
krok68 [10]

Answer: Earth

Explanation:

From the description of the image above, Earth is the planet with the smallest inner core with Earth's inner core comprising of only 5% of the Earth.

This is in contrast to Mars (largest inner core) , Mercury (second largest) and Venus. The gas giants do not seem to have any inner cores in them.

4 0
3 years ago
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What is randomization?
Vlada [557]
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Why does the legislature need to establish administrative agencies?
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Which of the following individuals, opposed by Southerners, won the presidential election of 1860?
RUDIKE [14]
Abraham Lincoln won the presidential election of 1860 amidst opposition by Southerners.

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Abraham Lincoln was the 16th president of the United States. He preserved the Union during their Civil War and he brought about the emancipation of slaves.

He was assassinated on 14th April 1865 by John Wilkes Booth, a known well-known actor and Confederate sympathizer.
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