If Japan Can Produce Each Unit of Steel Using Fewer

question 102

Multiple Choice

If Japan can produce each unit of steel using fewer resources than Canada uses,

• A)Canada has an absolute advantage in steel production
• B)Japan has a comparative advantage in steel production
• C)Canada has a comparative advantage in steel production
• D)Canada may have an absolute advantage in producing steel
• E)Japan has an absolute advantage in steel production

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Definitions:

Punctual

Being on time or timely in context to meetings, events, or deadlines.

Diabetes

A chronic condition characterized by high levels of sugar in the blood, due to the body's inability to produce or properly use insulin.

Blood Sugar

The concentration of glucose present in the blood, important for energy provision and metabolic function.

Low

Typically refers to something being in a minimal or deficient in quantity, degree, or intensity.