Multiple Choice
If Japan does not have a comparative advantage in producing rice, the consequences of adopting a Japanese policy of reducing or eliminating imports of rice into their country would include:
A) Japan will be able to consume a combination of rice and other goods' consumption beyond their domestic production possibilities curve.
B) the real incomes of Japanese rice producers would rise, but the real incomes of Japanese rice consumers would fall.
C) the real incomes of Japanese rice consumers would rise, but the real incomes of Japanese rice producers would fall.
D) the price of rice in Japan will fall.
Correct Answer:

Verified
Correct Answer:
Verified
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