Canada exports canola oil to Japan. Therefore, O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price.

Canada exports canola oil to Japan. Therefore, O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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