Mexico and Japan
The following questions refer to the following table which shows the abilities of Mexico and Japan to produce food and cloth. Food and cloth are the only two commodities in the world and their production requires only labor. The amounts of labor required to produce one unit of each of these commodities in the two countries are shown in the table below.
-Refer to Mexico and Japan.Which country is the more efficient food producer,and which country is the more efficient cloth producer?
A) Mexico is the more efficient food producer,and Japan is the more efficient cloth producer.
B) Japan is the more efficient food producer,and Mexico is the more efficient cloth producer.
C) Mexico is the more efficient producer of both goods.
D) Japan is the more efficient producer of both goods.
Correct Answer:
Verified
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