The types of goods Japan exports and imports appear to be well explained by
A)Japanese endowments of factors of production (e.g. land, labor, capital, natural resources).
B)high and rising Japanese tariffs.
C)advertising and other sales promotion efforts.
D)All of the above.

Question

Quizplus · Accepted Answer

Japan's exports and imports are determined by the country's endowments of factors of production, such as technological prowess, skilled labor, and advanced capital goods. Japan exports high-tech manufactured goods and imports natural resources and raw materials that it lacks domestically.

The Types of Goods Japan Exports and Imports Appear to Be