Which statement Is false? Multiple Choice O If the U.S. can produce rice more efficiently than Japan can, the U.S. enjoys an absolute advantage. O . Economists dislike both tariffs and Import quotas. O Under the law of comparative advantage, total output is greatest when each product is made by the country that produces it most efficiently. O No nation will engage in trade with another nation unless it will gain by that trade.Foreign savers invest large sums of money in the U.S. in order to Multiple Choice O control the American economy. O take over the country without war. O earn a higher rate of return on their investment. dominate the U.S. goods market.The theory of comparative advantage implies that Multiple Choice O the U.S. could have a comparative disadvantage in producing all goods and service O two countries can have a comparative advantage in production of the same good, O the world gains from trade since it allows production to move to the countries where their opportunity cost is lowest. O the country with the comparative advantage also has an absolute advantage.Possibility Radios Rico Radios Rice A 200 0 300 0 100 500 150 300 0 1,000 0 600 In the absence of trade between the two countries, the price of rice In the U.S. in terms of radios would tend to be Multiple Choice O 1/2. O 1/5. O 200