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A Good Produced in Japan and Sold to Korea

Question 58

Multiple Choice

A good produced in Japan and sold to Korea


A) is a Korean export and Japanese import
B) is a Korean import and Japanese export
C) implies that Japan has an absolute advantage in the production of the good
D) implies that Korea has a comparative advantage in the production of the good
E) implies that Korea has an absolute advantage in the production of the good

Correct Answer:

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