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Suppose the United States can produce 4,000 cars or 4,000 trucks. Japan can produce either 4,000 cars or 2,000 trucks. In terms of car production,
Suppose the United States can produce 4,000 cars or 4,000 trucks. Japan can produce either 4,000 cars or 2,000 trucks. In terms of car production, we can conclude that Multiple Choice O Japan has an absolute advantage in producing cars and trucks. The United States has an absolute advantage in producing cars and trucks. O The United States has a comparative advantage in producing cars. O Japan has a comparative advantage in producing cars
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