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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Note Receivable

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Including Interest

Refers to financial computations or transactions that take into account the accrual or payment of interest.

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and recognize bad debt expense.