Labour hours needed to make 1 unit Cars Airplanes Amount producedin 24 hours: Airplanes Cars Canada 30 120 54 18 Japan 40 160 60 15 24. Refer to the above table. Which country has a comparative advantage in each product? Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in neither good. а. b. Canada has a comparative advantage in cars, and Japan has a comparative advantage in airplanes. C. Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in cars. d. Canada has a comparative advantage in neither good, and Japan has a comparative advantage in dars.
Labour hours needed to make 1 unit Cars Airplanes Amount producedin 24 hours: Airplanes Cars Canada 30 120 54 18 Japan 40 160 60 15 24. Refer to the above table. Which country has a comparative advantage in each product? Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in neither good. а. b. Canada has a comparative advantage in cars, and Japan has a comparative advantage in airplanes. C. Canada has a comparative advantage in airplanes, and Japan has a comparative advantage in cars. d. Canada has a comparative advantage in neither good, and Japan has a comparative advantage in dars.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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