Solved

Table 3-5 -Refer to Table 3-5. Which of the Following Is Correct

Question 126

Multiple Choice

Table 3-5
Table 3-5 -Refer to Table 3-5. Which of the following is correct? A) Canada has an absolute advantage in airplanes and Japan has an absolute advantage in cars. B) Canada has an absolute advantage in neither good and Japan has an absolute advantage in both goods. C) Canada has an absolute advantage in cars and Japan has an absolute advantage in airplanes. D) Canada has an absolute advantage in neither good and Japan has an absolute advantage in cars.
-Refer to Table 3-5. Which of the following is correct?


A) Canada has an absolute advantage in airplanes and Japan has an absolute advantage in cars.
B) Canada has an absolute advantage in neither good and Japan has an absolute advantage in both goods.
C) Canada has an absolute advantage in cars and Japan has an absolute advantage in airplanes.
D) Canada has an absolute advantage in neither good and Japan has an absolute advantage in cars.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q81: Suppose that a worker in Radioland can

Q121: Table 3-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Table 3-6

Q123: Figure 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4795/.jpg" alt="Figure 3-4

Q124: Assume that Greece has a comparative advantage

Q125: On what is comparative advantage based?<br>A)capital costs.<br>B)labour

Q128: Suppose it takes a Chinese worker 2

Q130: Which of the following is correct regarding

Q131: Mike and Sandy are two woodworkers who

Q184: Explain the difference between absolute advantage and

Q206: Which of the following would NOT occur