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Why is the Middle East said to have a comparative advantage in producing oil?

Why is the Middle East said to have a comparative advantage in producing oil?
asked 183k views
5 votes
Why is the Middle East said to have a comparative advantage in
producing oil?

Why is the Middle East said to have a comparative advantage in producing oil?-example-1
asked
User Arnie
by
8.4k points

2 Answers

1 vote

Answer:

The Middle East had few labor cost.

Step-by-step explanation:

answered
User Lahiru Karunaratne
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7.8k points
1 vote
The east has a comparative advantage in producing oil because it has fewer labor costs. American workers in oil production are paid a premium because of the dangerous and technical nature of the field.
answered
User Uri Abramson
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8.6k points
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