Solved

If Japan Does Not Have a Comparative Advantage in Producing

Question 158

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:

verifed

Verified

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

Related Questions