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.
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Situational influences, i think
My opinion is that it's really important to help the government of the USA pick our president.
Question:
What would happen if no presidential candidate received a majority of the electoral vote?
Answer:
C; If no candidate receives a majority of electoral votes, the House of Representatives elects the President from the three candidates who received the most electoral votes. Each state delegation has one vote. The Senate elects the Vice President from the two vice presidential candidates with the most electoral votes.