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Figure: Comparative Advantage Use the following to answer questions: Figure: Comparative Advantage   -(Figure: Comparative Advantage)  The figure illustrates both the U.S. and Japanese production possibilities frontiers for TVs and wheat. Based on this information, which of the following is TRUE? A)  The United States has the comparative advantage in the production of TVs. B)  The United States has the comparative advantage in the production of wheat. C)  Japan has the comparative advantage in the production of wheat. D)  Japan has the absolute advantage in the production of TVs.
-(Figure: Comparative Advantage) The figure illustrates both the U.S. and Japanese production possibilities frontiers for TVs and wheat. Based on this information, which of the following is TRUE?


Definitions:

Thrust Fault

A type of fault in which the upper block, above the fault plane, moves up and over the lower block.

Anticline

A type of fold in sedimentary rocks that resembles an arch, with the oldest rock layers at its core, indicative of compressional tectonic forces.

Syncline

a downward-curving (trough-like) fold in rock layers where the youngest materials are at the center.

Monocline

A geological fold in which all strata are inclined in the same direction, forming a step-like feature in the landscape.

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