Multiple Choice
To say that the U.S. possesses a comparative advantage over Japan in the production of certain types of music implies that (for a similar quality of music) the:
A) opportunity cost of production is less in Japan.
B) absolute cost of production is less in the U.S.
C) absolute cost of production is less in Japan.
D) opportunity cost of production is less in the U.S.
E) opportunity cost of production is higher in the U.S.
Correct Answer:

Verified
Correct Answer:
Verified
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