Table 3-7 Assume That Japan and Korea Can Switch Between Producing Cars

question 263

Multiple Choice

Table 3-7
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.

-Refer to Table 3-7.Japan has an absolute advantage in the production of

• A) cars and a comparative advantage in the production of cars.
• B) cars and a comparative advantage in the production of airplanes.
• C) neither good and a comparative advantage in the production of cars.
• D) neither good and a comparative advantage in the production of airplanes.

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Definitions:

Bureaucratically Organized

Characterized by a formal and rigid structure of organization, often involving clear hierarchies, division of labor, and adherence to fixed rules and procedures.

Dehumanize

The process of depriving a person or group of positive human qualities, often to justify maltreatment or indifference.

Networks

Networks denote a group or system of interconnected people or things, often used to describe social structures, communication channels, or technological connections.

Bureaucracies

Complex systems of administration and governance characterized by structured hierarchies, fixed rules, and regulation to manage organizations or states.