Question

Help me please!!

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 the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.

Answer 1

A comparative advantage means that someone can produce something at a lower prize than everyone else. So, here United States can produce the first item on the list ( I assume that it's one barrel of crude oil) cheaper than the other two countries. This could be for example because the oil is available in the US and does not need to be imported - saving money and workers' time