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]
11 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]11 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
__________ is the reservoir created by the Aswan High Dam.
Brrunno [24]
The answer is Lake nasser
8 0
3 years ago
What is the name of the popular wizarding card game that the students like to play?
Andreas93 [3]

Answer:

Gobstones was a magical game mostly popular amongst wizarding children, similar to the Muggle game of marbles. The only difference between the two games was that Gobstones was played using special stones that squirted a putrid liquid at the player when they lost a point.

Explanation:

7 0
2 years ago
What is judicial review?
Setler [38]
Judicial Review is the Court's Examination of the Constitutionality of the actions of Congress and the President (and the court's right to nullify what the other branches of government have done if they find it unconstitutional). This process was first established by the Marbury v. Madison Supreme Court Case.
7 0
2 years ago
Which of the following bwst describes the phoenicians
Arada [10]
What are the opptions
4 0
3 years ago
Read 2 more answers
The terms hogged stone, bonspiel and blank end are used in which competitive sport?.
kirill115 [55]

The terms, hogged stone, bonspiel and blank end are all terms that are used in the competitive sport of <u>Curling</u>.

<h3>What terms are used in Curling?</h3>

Hogged stone is a stone that is removed from play because it was not able to reach the far hog line.

Bonspiel is another name for a curling tournament while blank end is an end in curling where points are yet to be recorded.

Find out more on curling at brainly.com/question/24008577.

#SPJ1

8 0
1 year ago
Other questions:
  • Erich Fromm (1955) wrote, "Love is often nothing but a favorable exchange between two people who get the most of what they can e
    11·1 answer
  • Frank and Marie have been married for over 40 years. The marriage started out with very little conflict, and Frank was happy to
    15·1 answer
  • Decide how each action would affect your credit score.
    16·2 answers
  • Leila’s parents use a parenting style characterized by consistent control, strong support, and love for her. This is referred to
    11·2 answers
  • The Bureau of Economic Analysis calculates a number of different measures of inflation​ –the GDP​ Deflator, the Consumer Price​
    6·1 answer
  • Look at the attachment :)<br><br> Thanks to whoever helps &lt;3 (:
    10·1 answer
  • Is Geography to study the world?
    10·2 answers
  • Who will win the presidential election
    15·1 answer
  • 2.
    5·1 answer
  • Which of these is an example of a capital resource?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!