If Canada Has an Absolute Advantage in the Production of Oil

question 29

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

---

Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well, often linked to reliability and self-discipline.

Extroversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Openness

A personality trait characterized by an appreciation for new experiences, creativity, and a willingness to explore novel ideas and values.

Big 5 Personality Trait

A theory in psychology that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.