Solved

Assume,for Japan,that the Domestic Price of Automobiles Without International Trade

Question 26

Multiple Choice

Assume,for Japan,that the domestic price of automobiles without international trade is lower than the world price of automobiles.This suggests that,in the production of automobiles,


A) Japan has a comparative advantage over other countries and Japan will import automobiles.
B) Japan has a comparative advantage over other countries and Japan will export automobiles.
C) other countries have a comparative advantage over Japan and Japan will import automobiles.
D) other countries have a comparative advantage over Japan and Japan will export automobiles.

Correct Answer:

verifed

Verified

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

Related Questions