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Scenario One: (An OR Situation) Oil Computers Saudi Arabia 400 barrels 200 USA 50 barrels 2000 Total 450 barrels 2200 What is the opportunity cost

Scenario One: (An "OR" Situation) Oil Computers Saudi Arabia 400 barrels 200 USA 50 barrels 2000 Total 450 barrels 2200 What is the opportunity cost for Saudi Arabia in terms of oil? __1__ oil to _.5___ computers What is the opportunity cost for USA in terms of oil? __1___ oil to _40__ computers What is the ratio of the opportunity cost for Saudi Arabia in terms of computers? __1___ computers = _2 BARRELS___ oil What is the ratio of the opportunity cost for USA in terms of computers? __1___ computers = _.025___ oil Who has the comparative advantage in oil production? SAUDI ARABIA Who has the comparative advantage in computers? USA

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