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Author Question: If Canada has an absolute advantage in the production of oil relative to the United States, then we know that (Read 194 times)

kled

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on: Oct 12, 2022
If Canada has an absolute advantage in the production of oil relative to the United States, then we know that
◦ the opportunity cost of producing oil is lower in Canada than in the United States.
◦ Canada also has a comparative advantage in producing oil.
◦ Canada may or may not have a comparative advantage in producing oil relative to the United States.
◦ the opportunity cost of producing oil is higher in Canada than in the United States.
◦ Canada also has a comparative advantage in producing some good other than oil.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kled on Oct 12, 2022

hariet5

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kled

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

lindahyatt42

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Reply 3 on: Yesterday
Excellent

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