Essay
In one hour, the United States can produce 25 tons of steel or 250 automobiles.In one hour, Japan can produce 30 tons of steel or 275 automobiles.This information implies that:
A.Japan has a comparative advantage in the production of automobiles.
B.the United States has an absolute advantage in the production of steel.
C.Japan has a comparative advantage in the production of both goods.
the United States has a comparative advantage in the production of automobiles.
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