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    Principles of Macroeconomics
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    Exam 3: Interdependence and the Gains From Trade
  5. Question
    -Refer to Table 3-5
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-Refer to Table 3-5

Question 49

Question 49

Multiple Choice

  -Refer to Table 3-5. If Canada and Japan trade based on the principle of comparative advantage, what could Japan gain from exporting a car? A)  a maximum of 1/6 airplane B)  a maximum of 1/4 airplane C)  a maximum of 1/3 airplane D)  a maximum of 3 airplanes
-Refer to Table 3-5. If Canada and Japan trade based on the principle of comparative advantage, what could Japan gain from exporting a car?


A) a maximum of 1/6 airplane
B) a maximum of 1/4 airplane
C) a maximum of 1/3 airplane
D) a maximum of 3 airplanes

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