Use the Following to Answer Question

question 255

Multiple Choice

Use the following to answer question :
-In 1 hour,Canada can produce 25 tonnes of steel or 250 automobiles.In 1 hour,Japan can produce 30 tonnes of steel or 275 automobiles.This information implies that:

• A) Japan has a comparative advantage in the production of automobiles.
• B) Canada has an absolute advantage in the production of steel.
• C) Japan has a comparative advantage in the production of both goods.
• D) Canada has a comparative advantage in the production of automobiles.

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Definitions:

Oil-Spill Cleanup

The process of removing or mitigating oil spilled into the environment, typically in water bodies, due to accidents or leaks.

Lost Business

Potential sales and revenue that were not realized due to factors such as stockouts, poor customer service, or competitive actions.

Environmental Internal Failure Costs

Costs incurred due to failures in meeting environmental standards before products are distributed, such as waste management and pollution control expenses.

Calculate

The process of determining a numerical result or figure through mathematical operations.