please answer both questions :) If Japan has an absolute advantage in the production of an item,
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If Japan has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item. O True O False Question 5 The law of supply states that an increase in the price of a good increases the quantity supplied of that good. True 0.5 pts False If Japan has an absolute advantage in the production of an item, it must also have a comparative advantage in the production of that item. O True O False Question 5 The law of supply states that an increase in the price of a good increases the quantity supplied of that good. True 0.5 pts False
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Answer a False Japan may have an absolute advantage in the production of an item but it does not ... View the full answer
Related Book For
International Economics
ISBN: 978-1429278447
3rd edition
Authors: Robert C. Feenstra, Alan M. Taylor
Posted Date:
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