Question 19 (Essay Worth 5 points)

(05.04 MC)

Worker hours to produce one barrel of crude oil Worker hours to produce one ton of coal
United States
Developed
4
5
Country A
Developing
6
5
Country B
Developed
7
3

Using the chart, identify an example of comparative advantage for either Country A or B over the United States. Be sure to identify the country with the comparative advantage over the U.S. and product. Explain how the availability and use of a natural resource may impact advantage.

Question

Question 19 (Essay Worth 5 points)

(05.04 MC)


 	 	Worker hours to produce one barrel of crude oil	Worker hours to produce one ton of coal
United States	
Developed
4
5
Country A	
Developing
6
5
Country B	
Developed
7
3


Using the chart, identify an example of comparative advantage for either Country A or B over the United States. Be sure to identify the country with the comparative advantage over the U.S. and product. Explain how the availability and use of a natural resource may impact advantage.