Japan Is More Efficient in the Production of Rice,and the United

question 47

Multiple Choice

Japan is more efficient in the production of rice,and the United States is more efficient in the production of oranges.In the production of rice,Japan is said to have a(n) :

• A)comparative advantage
• B)absolute disadvantage
• C)absolute advantage
• D)comparative disadvantage

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Definitions:

Internal Legal Memorandum

A document used within a legal setting, typically a law firm or corporate legal department, that analyzes and outlines advice on a particular legal issue.

Client's Position

Refers to the specific legal situation, interests, and objectives of a client in a legal case.

Weaknesses

Areas of deficiency or vulnerability that can be exploited or may detract from effectiveness, oftentimes used in the context of strategic planning, security analysis, or personal development.

Objective Approach

A method of decision-making or analysis based on facts and evidence, devoid of personal feelings or bias.