(Answered):International Trade Reply 1 1 . . . .

Question Description

My last class, international finance, I did a project on Saudi Arabia and they are known for their mass oil production. This country is able to produce and export oil at a very low opportunity cost and it always them to have an absolute advantage of oil. After my project I learned that oil is the sole source of Saudi Arabia’s economy which would cause them to have a comparative advantage for oil.

agree or disagree within 2-3 sentences

Expert Answer 

My last class, international finance, I did a project on Saudi Arabia and they are known for