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

Author Question: China has a comparative advantage in textiles and an absolute advantage in both textiles and radios. ... (Read 146 times)

soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by soccerdreamer_17 on Apr 19, 2019

TheDev123

  • Sr. Member
  • ****
  • Posts: 332
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 35% of students answer this correctly


soccerdreamer_17

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Apr 19, 2019
TY


TheDev123

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Fossil remains of anatomically modern humans from the Czech Republic and from China (center crania) Fossil remains of anatomically modern humans from the Czech Republic and from China (center crania)
The 2012 U.S. presidential campaign rang with “get tough” cries to end Iran’s nuclear capacity and c The 2012 U.S. presidential campaign rang with “get tough” cries to end Iran’s nuclear capacity and c
Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
Mogao Caves (Caves of a Thousand Buddhas) Dunhuang, China. Mogao Caves (Caves of a Thousand Buddhas) Dunhuang, China.
How to solve inequalities involving absolute values (Part 1) How to solve inequalities involving absolute values (Part 1)
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library