Suppose Japan Has a Comparative Advantage Over Canada in the Production

question 119

Multiple Choice

Suppose Japan has a comparative advantage over Canada in the production of VCRs. This means that Japan:

• A) needs fewer resources to produce DVDS than does Canada.
• B) has better technology for producing DVDs than does Canada.
• C) has a lower opportunity cost of DVD production than does Canada.
• D) can produce more VCRs in a given period of time than can Canada.

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Definitions:

Skills

The ability to do something well, often as a result of knowledge, practice, and experience.

Sphere

A perfectly round geometrical object in three-dimensional space, like a globe or ball.

Metaphor

A figure of speech in which a term is applied to something to which it is not literally applicable to suggest a resemblance.

Critical Thinking Skills

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments, and solve problems.