Question

Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.

Answer 1

In this example, the United States produces crude oil at a faster rate than any other country. This gives an absolute advantage to the United States, which means that the country would benefit from only focusing on the production of crude oil.

However, the availability and use of the resource might impact this advantage. The United States is a developed country, while country A is developing. This means that the United States needs more crude oil to support its industries. Potentially, this could mean that country A has an advantage, as it could export more of the oil it produces.

Answer 2

The advantage the United States have over country A & B is that they produce crude oil in a much faster rate.

Also, crude oil is used more than coal now as a source of energy, and so crude oil is more important

hope this helps