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Figure 9-14

Question 149

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Figure 9-14.On the diagram below,Q represents the quantity of crude oil and P represents the price of crude oil. Figure 9-14.On the diagram below,Q represents the quantity of crude oil and P represents the price of crude oil.   -Refer to Figure 9-14.The country for which the figure is drawn A) has a comparative advantage relative to other countries in the production of crude oil and it will export crude oil. B) has a comparative advantage relative to other countries in the production of crude oil and it will import crude oil. C) has a comparative disadvantage relative to other countries in the production of crude oil and it will export crude oil. D) has a comparative disadvantage relative to other countries in the production of crude oil and it will import crude oil.
-Refer to Figure 9-14.The country for which the figure is drawn


A) has a comparative advantage relative to other countries in the production of crude oil and it will export crude oil.
B) has a comparative advantage relative to other countries in the production of crude oil and it will import crude oil.
C) has a comparative disadvantage relative to other countries in the production of crude oil and it will export crude oil.
D) has a comparative disadvantage relative to other countries in the production of crude oil and it will import crude oil.

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