Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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Q145: Figure 9-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 9-9
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