Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.If the two countries specialize and trade,who should export rice?
A) There is no basis for trade between the two countries.
B) Japan
C) Thailand
D) They should both be exporting rice.
Correct Answer:
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Q158: Table 2-8 Q159: Table 2-9 Q160: Table 2-7 Q161: Table 2-9 Q162: Table 2-9 Q164: It is not possible to have an Q165: If a country produces only two goods,then Q166: If Blake can pick more cherries in Q167: The basis for trade is absolute advantage,not Q168: Table 2-10 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents