China Has a Comparative Advantage in Textiles and an Absolute

question 238

Multiple Choice

China has a comparative advantage in textiles and an absolute advantage in both textiles and radios. Japan has a comparative advantage in radios. According to this scenario

• A) Japan should import both radios and textiles.
• B) China should export both radios and textiles.
• C) China should export textiles and import radios.
• D) Japan should export textiles and import radios.

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Definitions:

Japanese College Students

Refers specifically to individuals attending higher education institutions in Japan.

Pessimistic

A predisposition towards focusing on the negative side of situations or expecting unfavorable outcomes, accompanied by a deficiency of optimism about what lies ahead.

Life Goals

The long-term ambitions or objectives that an individual seeks to achieve or accomplish.

Happiness

A condition of contentment and intense happiness that signifies overall well-being.