If a Country Has a Comparative Advantage in Oil, Then

question 93

Multiple Choice

If a country has a comparative advantage in oil, then this means that the opportunity cost of producing oil is:

• A) high.
• B) low.
• C) zero.
• D) infinite.
• E) equal to all other goods.

---

Definitions:

Robert M. McMath

A notable figure known for his contributions to product innovation and marketing, specifically in the area of new product development.

Nationwide Rollout

The phased introduction of a product, service, or initiative across an entire country, typically following successful pilot or regional testing.

Personal Inadequacy

A feeling or belief that one lacks the skills, abilities, or qualities needed to succeed or be effective in certain situations.

Knowledge

Knowledge comprises facts, information, and skills acquired through experience or education; it is the theoretical or practical understanding of a subject.