Multiple Choice
Mexico and Japan
The following questions refer to the following table which shows the abilities of Mexico and Japan to produce food and cloth. Food and cloth are the only two commodities in the world and their production requires only labor. The amounts of labor required to produce one unit of each of these commodities in the two countries are shown in the table below.
-Refer to Mexico and Japan.Which country is the more efficient food producer,and which country is the more efficient cloth producer?
A) Mexico is the more efficient food producer,and Japan is the more efficient cloth producer.
B) Japan is the more efficient food producer,and Mexico is the more efficient cloth producer.
C) Mexico is the more efficient producer of both goods.
D) Japan is the more efficient producer of both goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: The relative price of bread in terms
Q51: The difference between an absolute price and
Q52: The absolute price of beef in Japan
Q53: Suppose that the due to technological innovations,the
Q54: If a job requires two activities and
Q56: Will people,on average,tend to eat more grapefruit
Q57: If good wines can be produced in
Q58: Suppose there are only two goods: bread
Q59: Mexico and Japan<br><br>The following questions refer to
Q60: To an economist,a cost is a forgone