Question 8(Multiple Choice Worth 5 points) (05.04 MC)

Worker hours to produce one unit of oil Worker hours to produce one unit of natural gas
Brazil
8
4
Argentina
10
2
Mexico
7
3
United States
6
1

According to the chart, which country has an absolute advantage over the other countries in oil production?
Brazil
Mexico
Argentina
United States

D: United States

Explanation:

Absolute advantage means (in basic terms) who can produce a product at lower costs.

Here it is shown that the United States needs far less worker hours to produce oil which means (without wages given) that it can be assumed that the United States produces it at lower costs due to the lower worker hours.

you would times this by how many days there are in a year 365*400=$146000

d - failures.

the only attempted british colony in north america before 1600 was roanoke, virginia, which was a total failure. england claimed several areas, including newfoundland, but made no sustainable attempts to colonize them before 1600.