If Japan can produce each unit of steel using fewer resources than Canada uses,
a. Canada has an absolute advantage in steel production
b. Japan has a comparative advantage in steel production
c. Canada has a comparative advantage in steel production
d. Canada may have an absolute advantage in producing steel
e. Japan has an absolute advantage in steel production
E
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A) an interest rate; larger B) a money supply; smaller C) a money supply; larger D) an exchange rate; smaller
Strategic advertising in the cola market
A) significantly expands the size of the market. B) brings in few new customers and primarily shifts market share among rivals. C) shifts market demand to the right, increasing quantity sold and decreasing prices. D) has no impact on the market.