Multiple Choice
In a two-country, two-product world, the statement "Japan enjoys a comparative advantage over France in steel relative to bicycles" is equivalent to
A) France having a comparative advantage over Japan in bicycles relative to steel.
B) France having a comparative disadvantage against Japan in bicycles and steel.
C) Japan having a comparative advantage over France in steel and bicycles.
D) Japan having a comparative disadvantage against Japan in bicycles and steel.
Correct Answer:
Verified
Correct Answer:
Verified
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