Japan Has Developed a Comparative Advantage in Designing and Producing

question 31

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 favourable climate.
• C)a strong central government.
• D)technology.

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Definitions:

Correlation

A statistical measure that expresses the extent to which two variables fluctuate together, indicating the strength and direction of their relationship.

Reliable

Capable of being trusted or depended upon; consistent in performance or outcome.

Correlation Coefficient

A numerical indicator showing the degree to which multiple variables co-vary.

Cause-and-Effect Relationship

A connection between two events where one event (cause) leads to the outcome of another event (effect).