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

Question

asked Feb 2, 2020 183k views

2 Answers

Uri Abramson · Answer 1 · 2020-02-07T13:21:35+0000

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.

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

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

Please log in or register to add a comment.

Please log in or register to add a comment.

No related questions found

Categories

Other Questions