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Based on this chart, which statement is true?

1. Saudi Arabia has an absolute advantage over the other countries in lumber production.

2. Russia has an absolute advantage over the other countries in oil production.

3. The United States has a comparative advantage over Russia in oil production.

4. Venezuela has a comparative advantage over Canada in oil production.

Based on this chart, which statement is true? 1. Saudi Arabia has an absolute advantage-example-1
User Vwdewaal
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Answer:C

Explanation:The United States has a comparative advantage over Russia in oil production

User Bokan
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The appropriate response is number 1, in view of the outline above, Saudi Arabia has the most elevated favorable circumstances over different nations in the diagram. While the Venezuela is the following, trailed by Russia and United States who has a relatively favorable position. The latter is Canada who just has 5 laborer hours to create lumber.
User Shagymoe
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