Multiple Choice
The United States' comparative advantage over Japan in the production of rock-n-roll 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 United States.
C) absolute cost of production is less in Japan.
D) opportunity cost of production is less in the United States.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Suppose that Paraguay can produce 12 wheat
Q41: All of the following are true EXCEPT<br>A)trade
Q42: Which economist introduced the simple trade model
Q43: With trade,the slope of the Consumption Possibilities
Q44: A nation must have an absolute advantage
Q46: Suppose Mexico can produce 5 autos or
Q47: If a nation is more productive than
Q48: Explain why government actions that make industries
Q49: The nation as a whole is better
Q50: The gains from trade rely on overall