Multiple Choice
If Japan can produce each unit of steel using fewer resources than Canada uses,
A) Canada has an absolute advantage in steel production
B) Japan has a comparative advantage in steel production
C) Canada has a comparative advantage in steel production
D) Canada may have an absolute advantage in producing steel
E) Japan has an absolute advantage in steel production
Correct Answer:
Verified
Correct Answer:
Verified
Q97: Assume Japan must forego producing 60 computers
Q98: Assume that Canadian firms can produce one
Q99: If Country A exports a good to
Q100: Suppose that for each automobile Japan produces
Q101: A nation has a comparative advantage in
Q103: If Armenia can produce two rugs or
Q104: Mutually beneficial trade between two countries is
Q105: In an Israeli factory,each worker can produce
Q106: Which of the following factors does not
Q107: Assume the North Island of New Zealand