Figure 22-5 -From the Graph in Figure 22-5 (Curves Show Output Per

question 185

Multiple Choice

Figure 22-5

-From the graph in Figure 22-5 (curves show output per unit of labor input) , one can infer that

• A)Japan has an absolute advantage in TVs and computers, but a comparative advantage only in TVs.
• B)Japan has only a comparative advantage in TVs.
• C)Japan has an absolute advantage in both TVs and computers, but a comparative advantage only in computers.
• D)China has a comparative advantage in computers.

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Definitions:

Pet Store

A retail business establishment that sells domestic animals and pet-related products and services.

Waste

In legal terms, the destruction, misuse, alteration, or neglect of property by someone who is in possession of it but does not own it.

Contributory Law

A legal principle that reduces the amount of damages a plaintiff can recover in a negligence-based lawsuit, based on the degree of own negligence of the plaintiff.

Source Of Authority

The origin from which a person or entity derives its right or power to make decisions, rule, or govern.