Table 2.2.Output Possibilities for South Korea and Japan

question 214

Multiple Choice

Table 2.2.Output possibilities for South Korea and Japan

-Refer to Table 2.2.According to the principle of comparative advantage:

• A) South Korea should export steel
• B) South Korea should export steel and VCRs
• C) Japan should export steel
• D) Japan should export steel and VCRs

---

Definitions:

Experience

The knowledge or skill acquired by direct observation of or participation in events or in a particular activity over time.

Extra-Local Social Relations

Social connections and interactions that extend beyond one's immediate geographical location, often facilitated by technology or social networks.

Influential Social Relations

Relationships that markedly affect individuals' behavior, decisions, or perspectives, often through power, status, or emotional ties.

Everyday Worlds

The routine and commonplace settings in which daily life and ordinary interactions occur, emphasizing the lived experiences of individuals.