Solved

If Japan Could Produce More Steel in a Year Than

Question 89

Multiple Choice

If Japan could produce more steel in a year than the United States using the same amount of resources,then


A) Japan must have an absolute advantage in producing steel
B) the United States must have a comparative advantage in producing steel
C) Japan must have a comparative advantage in producing steel
D) neither the United States nor Japan will have a comparative advantage in producing steel
E) there would be no gains from specialization

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents