Question: 1. The United States, having adopted new technological methods in hydraulic fracturing (fracking), can drill and export gas efficiently. The United States has created a(n)
1. The United States, having adopted new technological methods in hydraulic fracturing (fracking), can drill and export gas efficiently. The United States has created a(n) ________ in the drilling and exporting of natural gas.
a. comparative disadvantage
b. comparative advantage
c. domestic advantage
d. absolute advantage
e. absolute disadvantage
2. A developing country is the only source of a particular metal. This country has a(n)
a. absolute advantage.
b. comparative advantage.
c. domestic advantage.
d. comparative disadvantage.
e. absolute disadvantage.
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