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-Refer to Table 3-5

Question 47

Multiple Choice

  -Refer to Table 3-5. If Canada and Japan trade based on the principle of comparative advantage, at what price would the two countries trade? A)  at a price somewhere between the opportunity costs of the two countries B)  at a price exactly in the middle of the opportunity costs of the two countries C)  a price equal to Canada's opportunity cost D)  at a price equal to Japan's opportunity cost
-Refer to Table 3-5. If Canada and Japan trade based on the principle of comparative advantage, at what price would the two countries trade?


A) at a price somewhere between the opportunity costs of the two countries
B) at a price exactly in the middle of the opportunity costs of the two countries
C) a price equal to Canada's opportunity cost
D) at a price equal to Japan's opportunity cost

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