Assume That China Has a Comparative Advantage in Producing Corn

question 180

Multiple Choice

Assume that China has a comparative advantage in producing corn and exports corn to Japan.We can conclude that

• A)China also has an absolute advantage in producing corn relative to Japan.
• B)China has a lower opportunity cost of producing corn relative to Japan.
• C)Japan has an absolute disadvantage in producing corn relative to China.
• D)labor costs are higher for corn producers in Japan than in China.

---

Definitions:

Nonverbal Signal

A form of communication without words, such as body language, gestures, and facial expressions, conveying messages.

Planned Presentation

A carefully organized and thought-out presentation, where content, timing, and delivery are systematically prepared in advance.

Caution

The practice of being careful, or avoiding risks and potential problems.

Space Zone

An area or sector designated for a specific purpose or function, often used in planning and organization contexts.