For each of the following goods that are imported into the United States, identify which of the
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For each of the following goods that are imported into the United States, identify which of the three sources of comparative advantage (abundant inputs, specialized skills, or mass production) accounts for that country’s comparative advantage.
a. The United States imported $39.8 billion worth of passenger cars from Japan in 2017.
b. The United States imported $3 billion worth of watches and jewelry from Switzerland in 2017.
c. The United States imported $3.9 billion worth of cotton apparel items from Bangladesh in 2017.
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a The comparative advantage of Japan in producing passenger cars can be attributed to specialized sk...View the full answer
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