Question

I need help please:

Because Saudi Arabia and Australia have ____ in production of crude oil and petroleum products and wool respectively, Saudi Arabia can specialize in the production of crude oil and petroleum products, and Australia can specialize in the production of wool.
Choose one answer.
a. a company advantage
b. an absolute advantage
c. a comparative advantage
d. an effective manufacturing system
e. very low labor costs

Answer 1

e. very low labor costs