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Title: If Country A has a comparative advantage in the production of oil relative to Country B, then Post by: shaester on Oct 16, 2022 If Country A has a comparative advantage in the production of oil relative to Country B, then
▸ the opportunity cost of producing oil is higher in Country A than in Country B. ▸ the opportunity cost of producing oil is lower in Country A than in Country B. ▸ Country A also has an absolute advantage in producing some good other than oil. ▸ Country A also has an absolute advantage in producing oil. ▸ Country A when compared to Country B must have an absolute advantage in producing some good other than oil. Title: If Country A has a comparative advantage in the production of oil relative to Country B, then Post by: slpm on Oct 16, 2022 Content hidden
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