Assume That China Has a Comparative Advantage in Producing Corn

question 124

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)labour costs are higher for corn producers in Japan than in China.

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Definitions:

Prefrontal Cortex

A region of the brain located at the front of the frontal lobes, involved in complex behaviors such as decision making, planning, and social behavior.

Limbic System

A complex system of nerves and networks in the brain, involved in various emotions and drives, crucial for memory formation.

Facial Expressions

The movements of the facial muscles that convey emotions, feelings, or intentions to others.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) stages.