Table 3-26 Assume That Japan and Korea Can Switch Between Producing Cars

question 216

Multiple Choice

Table 3-26
Assume that Japan and Korea can switch between producing cars and producing airplanes at a constant rate.
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-Refer to Table 3-26. Japan has an absolute advantage in the production of

• A)cars and a comparative advantage in the production of cars.
• B)cars and a comparative advantage in the production of airplanes.
• C)neither good and a comparative advantage in the production of cars.
• D)neither good and a comparative advantage in the production of airplanes.

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Definitions:

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize, bargain collectively, and engage in other concerted activities for mutual aid or protection.

Strike Replacements

Workers hired by employers to perform the duties of striking employees during a labor strike.

Organized Labor

Constitutes labor unions and labor organizations that aim to improve workers' conditions, wages, and rights through collective action and negotiation.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize and bargain collectively.