Assume That China Has a Comparative Advantage in Producing Corn

question 180

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

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Definitions:

Stimulant Medication

Drugs designed to increase alertness, attention, and energy by stimulating the central nervous system, often used to treat conditions like ADHD.

Time

Time refers to the continuous, irreversible progression through past, present, and future moments.

ADHD

Attention Deficit Hyperactivity Disorder, a neurological disorder characterized by patterns of inattention, impulsivity, and/or hyperactivity.

Oppositional Defiant Disorder

A behavioral disorder characterized by repeated patterns of defiant, disobedient, and hostile behavior towards authority figures.