If Japan Does Not Have a Comparative Advantage in Producing

question 158

Multiple Choice

If Japan does not have a comparative advantage in producing rice, the consequences of adopting a Japanese policy of reducing or eliminating imports of rice into their country would include:

• A)​Japan will be able to consume a combination of rice and other goods' consumption beyond their domestic production possibilities curve.
• B)​the real incomes of Japanese rice producers would rise, but the real incomes of Japanese rice consumers would fall.
• C)​the real incomes of Japanese rice consumers would rise, but the real incomes of Japanese rice producers would fall.
• D)​the price of rice in Japan will fall.

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Definitions:

Open Arms

A gesture or attitude of welcoming, accepting, or embracing others warmly and without judgment.

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A state of being free from tension and anxiety.

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Forward Lean

A body posture or movement indicating interest, engagement, or attentiveness, often used in the context of communication or presentation.