According to the Principle of absolute advantage Japan should ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

If the autarky price of S were lower in country A than in country B then if trade were allowed ?

A. A would likely export S to B B. A would likely import S from B C. neither country would want to trade D. None of the above...

John Stuart Mill was the founder of the ?

A. Theory of reciprocal demand B. Theory of absolute advantage C. Theory of comarative advantage D. Theory of mercantilism...

In autarky the relative price of wine, in terms of beer, in Country B is ?

A. 1W = 3B B. 1W = 4 1/2B C. 1W = 5B D. 1W = 6B...

Country B has the comparative advantage in ?

A. Wine B. Beer C. Both wine and beer D. Neither wine nor beer...