Suppose that two man hours are required to produce a clock radio in Japan, while three many hours Concept The following data apply to items 1 and 2 Exercise problems are required to do the same in Germany. In addition, four man-hours are required to produce a television in Japan, while five man-hours are required to do the same in Gemary: Under conditions appropriate for free trade both Japan and Germany would be better off if a Japan produces only televisions while Germany produces only clock radios and both use trade to meet the needs for the item not produced locally. b. Japan produces only clock radios while Germany produces only televisions and both use trade to meet the needs of the item not produced locally. c. both produce some of each items use trade to meet additional needs of a product. d. both Japan and Germany produce both products for internal use only with no need for internatio- -nal trade. 2. In the case of trade between Japan and Germany, the price of clock radios relative to the price of televisions is likely to be a. One clock radio for 2.00 televisions. b. One clock radio for 1.67 televisions. c. One clock radio for 1.20 televisions. d. One clock radio for 0.55 televisions. 3 One consequence of the imposition of tariffs or quotas on imported products is