If Canada Has an Absolute Advantage in the Production of Oil

question 108

Multiple Choice

If Canada has an absolute advantage in the production of oil relative to the United States,then

• A)Canada also has a comparative advantage in producing oil.
• B)Canada also has a comparative advantage in producing some good other than oil.
• C)the opportunity cost of producing oil is higher in Canada than in the United States.
• D)the opportunity cost of producing oil is lower in Canada than in the United States.
• E)Canada may or may not have a comparative advantage in producing oil relative to the United States.

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