Suppose Japan Has a Comparative Advantage Over Canada in the Production

question 55

Multiple Choice

Suppose Japan has a comparative advantage over Canada in the production of  DVDs. 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 DVDs in a given period of time than can Canada.

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Definitions:

Standard Abbreviation

A universally accepted shortened form of a word or phrase used to ensure clarity and consistency in written communication.

Bld P

Blood Pressure; the force exerted by circulating blood on the walls of blood vessels.

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A surgical operation performed on patients who are not required to stay in the hospital overnight.

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A financial institution that provides a range of insurance policies to protect individuals and businesses against potential loss or damage.