(A) roydes PPC Japan PPC in Vetnam In reference to the above graph, suppose Vietnam and Japan are producing and consuming at points A and D, respectively. If they agree on the price shown on the graph (the slope of the tangent line), then Vietnam will end up consuming a. motorcycles equal to JG. b.motorcycles equal to AG. Oc motorcycles equal to HG. d. an amount not shown on this graph. (B) Comparative advantage is primarily concerned with Oa. demand conditions. Ob. regulatory conditions. Oc. relative costs conditions. Od. supply conditions.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
2
(A)
Motoroydes
Molorcydes
PPC in Japan
PPC in Vetram
LE
1o
Pice
In reference to the above graph, suppose Vietnam and Japan are producing and consuming at points A and D, respectively. If they agree
on the price shown on the graph (the slope of the tangent line), then Vietnam will end up consuming
Oa. motorcycles equal to JG.
Ob.motorcycles equal to AG.
c. motorcycles equal to HG.
Od. an amount not shown on this graph.
(B)
Comparative advantage is primarily concerned with
a. demand conditions.
b.regulatory conditions.
Oc. relative costs conditions.
d. supply conditions.
Transcribed Image Text:(A) Motoroydes Molorcydes PPC in Japan PPC in Vetram LE 1o Pice In reference to the above graph, suppose Vietnam and Japan are producing and consuming at points A and D, respectively. If they agree on the price shown on the graph (the slope of the tangent line), then Vietnam will end up consuming Oa. motorcycles equal to JG. Ob.motorcycles equal to AG. c. motorcycles equal to HG. Od. an amount not shown on this graph. (B) Comparative advantage is primarily concerned with a. demand conditions. b.regulatory conditions. Oc. relative costs conditions. d. supply conditions.
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