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Table 2.2.Output Possibilities for South Korea and Japan

Question 38

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Table 2.2.Output possibilities for South Korea and Japan
Table 2.2.Output possibilities for South Korea and Japan -Refer to Table 2.2.According to the principle of absolute advantage,Japan should: A) Export steel B) Export VCRs C) Export steel and VCRs D) None of the above; there is no basis for gainful trade
-Refer to Table 2.2.According to the principle of absolute advantage,Japan should:


A) Export steel
B) Export VCRs
C) Export steel and VCRs
D) None of the above; there is no basis for gainful trade

Correct Answer:

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