Suppose Japan has a comparative advantage over Canada in the ...

[dejastew]

Suppose Japan has a comparative advantage over Canada in the production of DVDs. This means that Japan:
 a. needs fewer resources to produce DVDS than does Canada.
  b. has better technology for producing DVDs than does Canada.
  c. has a lower opportunity cost of DVD production than does Canada.
  d. can produce more DVDs in a given period of time than can Canada.

Question 2

Demand-pull inflation is typically caused by rapidly rising costs of production.
 a. True
  b. False
  Indicate whether the statement is true or false

[morganmarie791]

Answer to Question 1

c

Answer to Question 2

False

[dejastew]

Thanks for the timely response, appreciate it

[dyrone]

TYSM