Japan has developed a comparative advantage in designing and producing automobiles. The source of its comparative advantage in these products is
A) technology. B) a strong central government.
C) a favorable climate. D) abundant supplies of natural resources.
A
Economics
You might also like to view...
Exhibit 1A-7 Straight line relationship
Using the relationship shown in Exhibit 1A-7, suppose the price of air travel increases. How would you revise the graph to show this change?
A. Draw a new point on the graph upward and to the left. B. Draw a new point on the graph downward and to the right. C. Draw a new line on the graph. D. Change the current line so that its slope is flatter.
Economics
Money is critical in facilitating market exchanges and the specialization that these exchanges permit.
Answer the following statement true (T) or false (F)
Economics