This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The United States imports televisions from Japan and Japan imports computer chips from the United ... (Read 94 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Apr 19, 2019

Question 1

When one country can produce a product at a lower cost in terms of other goods, that country is said to have


◦ an absolute advantage.
◦ a comparative advantage.
◦ a productive advantage.
◦ an unfair advantage.

Question 2

The United States imports televisions from Japan and Japan imports computer chips from the United States. If the theory of comparative advantage guides trade between the two countries, it must be 
true that


◦ the opportunity cost of producing televisions in Japan is higher than that in the United States.
◦ the opportunity cost of producing computer chips in the United States is higher than that in Japan.
◦ the United States has comparative advantage in producing computer chips.
◦ the United States has comparative advantage in producing televisions.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tfester on Apr 19, 2019

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


tfester

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Apr 19, 2019
Thanks


jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Feral pigs in the United States (here Cape Canaveral, Florida) Feral pigs in the United States (here Cape Canaveral, Florida)
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Food Assistance Programs in the United States Food Assistance Programs in the United States
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Groundwater troubles in the United States Groundwater troubles in the United States
Video: Stroke volume - contractility definition

For a complete list of videos, visit our video library