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Author Question: China has a comparative advantage in textiles and an absolute advantage in both textiles and radios. ... (Read 139 times)

soccerdreamer_17

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on: Apr 19, 2019

Question 1

According to the theory of comparative advantage, a country


◦ exports the goods in which its has a comparative advantage.
◦ imposes tariffs on goods in which it does not have comparative advantage.
◦ imports the goods in which it has a comparative advantage.
◦ exports goods in which it has absolute advantage.

Question 2

China has a comparative advantage in textiles and an absolute advantage in both textiles and radios. Japan has a comparative advantage in radios. According to this scenario


◦ Japan should import both radios and textiles.
◦ China should export both radios and textiles.
◦ China should export textiles and import radios.
◦ Japan should export textiles and import radios.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by soccerdreamer_17 on Apr 19, 2019

TheDev123

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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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soccerdreamer_17

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Reply #2 on: Apr 19, 2019
TY


TheDev123

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Reply #3 on: Apr 19, 2019
You're welcome


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