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Japan's Trade Policies with Regard to Rice Reflect the Fact

Question 3

Multiple Choice

Japan's trade policies with regard to rice reflect the fact that


A) Japan has a comparative advantage in rice production and therefore exports most of its rice crop.
B) there are gains from trade that Japan captures by engaging in free trade in rice.
C) japanese rice farmers have significant political power.
D) Japan imports most of the rice consumed in the country.
E) there would be no gains from trade available to Japan if it engaged in free trade in rice.

Correct Answer:

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