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Author Question: Suppose that Japan and India are both engaged in the production of radios and rice, and that Japan ... (Read 131 times)

RRMR

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on: Apr 19, 2019

Suppose that Japan and India are both engaged in the production of radios and rice, and that Japan has an absolute advantage in the production of both goods. If India has a lower opportunity cost for producing rice, then


◦ India has a comparative advantage in rice production, but there will be no gains from specialization and trade.
◦ Japan has a comparative advantage in the production of both goods.
◦ India has a comparative advantage in the production of rice, but it is outweighed by Japan's absolute advantage in rice production.
◦ India has a comparative advantage in the production of rice, and specialization and trade between the two countries can be mutually beneficial.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RRMR on Apr 19, 2019

frogdreck123456

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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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RRMR

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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