Examlex

Solved

Exhibit 29-3 -Referring to Exhibit 29-3, Suppose the Posttrade Relative Price Between

question 169

Multiple Choice

Exhibit 29-3 Exhibit 29-3   -Referring to Exhibit 29-3, suppose the posttrade relative price between Japan and Korea is 1 computer per unit of rice. If Japan takes 10 workers out of rice production, puts the 10 workers in computer production, and sells the resulting computers to Korea in exchange for rice, the net gain from trade for Japan is A) 20 units of rice. B) 3 units of rice. C) 50 units of rice. D) 30 units of rice. E) 5 units of rice.
-Referring to Exhibit 29-3, suppose the posttrade relative price between Japan and Korea is 1 computer per unit of rice. If Japan takes 10 workers out of rice production, puts the 10 workers in computer production, and sells the resulting computers to Korea in exchange for rice, the net gain from trade for Japan is


Definitions:

Related Questions