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Japan can grow 100 tons of rice or produce 9,000 radios. Indonesia can grow 200 tons of rice or produce 4,000 radios. a. Who has
Japan can grow 100 tons of rice or produce 9,000 radios. Indonesia can grow 200 tons of rice or produce 4,000 radios. a. Who has the absolute advantage in the production of rice? b. Who has the absolute advantage in the production of radios? c. Who has the comparative advantage in the production of rice? What is their opportunity cost? d. Who has the comparative advantage in the production of radios? What is their opportunity cost
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