Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

question 216

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
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-Refer to Table 3-26. Japan has an absolute advantage in the production of

• A)cars and a comparative advantage in the production of cars.
• B)cars and a comparative advantage in the production of airplanes.
• C)neither good and a comparative advantage in the production of cars.
• D)neither good and a comparative advantage in the production of airplanes.

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Definitions:

Social Disadvantage

A condition or circumstance that places individuals or groups at a disadvantage in society, often rooted in factors like poverty, discrimination, or lack of access to resources.

Economic Disadvantage

A condition where individuals or groups have less financial resources and opportunities than others within a society.

Environmental Disadvantage

Situations where environmental factors contribute to lower health outcomes, economic instability, or reduced access to resources for certain populations.