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Question: One country enjoys a comparative advantage over another in producing oil when —
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Question: One country enjoys a comparative advantage over another in producing oil when —
Question 1: One country enjoys a comparative advantage over another in producing oil when --
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it has more oil than the other country
it can produce oil at a lower opportunity cost than the other country
it does not need to import oil
it wants to export as much oil as possible
Source: AB Bank Ltd - Assistant Officer - 10.01.2014
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Answer: it can produce oil at a lower opportunity cost than the other country
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