Japan's Comparative Advantage in Automobiles Can Be Attributed To

question 112

Multiple Choice

Japan's comparative advantage in automobiles can be attributed to:

• A)climate.
• B)factor endowments.
• C)technology.
• D)exchange rates.

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Definitions:

Grocery Store

A retail establishment selling food and other household goods. Often considered an essential service providing everyday necessities to the public.

External Cost

Costs of a transaction or activity that affect parties who did not choose to incur that cost, often referred to in the context of negative externalities in environmental economics.

Postal Worker

An employee of the postal service who is involved in the processing, delivery, or handling of mail.

Crowded Break Room

A situation where the designated area for employees to take breaks is excessively occupied, leading to a lack of space and resources.