Multiple Choice
Japan's trade policies with regard to rice reflect the fact that
A) Japan has a comparative advantage in rice production and therefore exports most of its rice crop.
B) there are gains from trade that Japan captures by engaging in free trade in rice.
C) japanese rice farmers have significant political power.
D) Japan imports most of the rice consumed in the country.
E) there would be no gains from trade available to Japan if it engaged in free trade in rice.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: The Ricardian two- country,two- good model predicts
Q25: A factor of production that can be
Q26: International trade can have important effects on
Q27: The specific factors model was developed by<br>A)Richard
Q28: In the specific factors model,a 5% increase
Q30: The specific factors model assumes that there
Q31: The slope of a country's production possibility
Q32: The effect of trade on income distribution<br>A)implies
Q33: In the specific factors model,which of the
Q34: When a country's labor market is in