Japan Has Developed a Comparative Advantage in Designing and Producing

question 42

Multiple Choice

Japan has developed a comparative advantage in designing and producing automobiles.The source of its comparative advantage in these products is

• A)abundant supplies of natural resources.
• B)a favorable climate.
• C)a strong central government.
• D)technology.

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Definitions:

Changing Demographics

The variation in the population's size, distribution, age, gender, or ethnicity over time.

Privatization Movement

The process or trend of transferring ownership and management of public sector enterprises or services to private individuals or corporations.

Multicultural Organization

An organization characterized by a workforce from diverse cultural backgrounds, aiming to foster inclusivity and mutual respect.

Diversity-Related

concerns, policies, practices, or issues that relate to the inclusion and representation of different demographic groups and perspectives.