Multiple Choice
If Japanese workers receive lower wages in the production of autos than do American workers:
A) Japan will have a comparative advantage in the production of autos
B) Japan will have an absolute advantage in the production of autos
C) Production costs will be lower in Japan than in the U.S.
D) Production costs could be lower in the U.S.if American labor productivity is higher than the Japanese
Correct Answer:

Verified
Correct Answer:
Verified
Q1: According to the product-life-cycle theory, the last
Q3: The Linder theory assets that,for manufactured goods,countries
Q8: Wage inequality in the United States has
Q9: Europe's jumbo-jet manufacturer,Airbus,has justified receiving governmental subsidies
Q10: According to the theory of intra-industry trade,
Q11: Assume that the United States is scarce
Q18: Generally speaking, transportation costs are more important
Q29: According to the product-life-cycle theory, the first
Q58: If tastes and preferences are identical for
Q136: The imposition of pollution-control regulations on domestic