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Author Question: The United States imports televisions from Japan and Japan imports computer chips from the United ... (Read 147 times)

tfester

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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
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Marked as best answer by tfester on Apr 19, 2019

jaaaaaaa

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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.
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tfester

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Reply #2 on: Apr 19, 2019
Thanks


jaaaaaaa

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Reply #3 on: Apr 19, 2019
Welcome :)


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