-Refer to Table 3-5

question 99

Multiple Choice

-Refer to Table 3-5. Which country has an absolute advantage in each product?

• A) Canada has an absolute advantage in airplanes, and Japan has an absolute advantage in cars.
• B) Canada has an absolute advantage in neither good, and Japan has an absolute advantage in both goods.
• C) Canada has an absolute advantage in cars, and Japan has an absolute advantage in airplanes.
• D) Canada has an absolute advantage in neither good, and Japan has an absolute advantage in cars.

---

Definitions:

Authorized Representative

An individual or entity legally empowered to act on behalf of another person or organization.

Legal Entity

A legal entity refers to any company or organization that has legal rights and obligations, including the capacity to enter into contracts and loans, sue and be sued.

Partnership

A business structure where two or more individuals share ownership, as well as the profits and liabilities of the business.

Alternate Payees

Individuals or entities designated to receive payments on behalf of the original payee, often seen in legal settlements or divorce decrees involving support payments.