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Author Question: Suppose Japan has a comparative advantage over Canada in the production of DVDs. This means that ... (Read 49 times)

dejastew

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on: Jun 30, 2018
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


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morganmarie791

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


dejastew

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Reply 2 on: Jun 30, 2018
Gracias!

steff9894

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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