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Table 2-9 One Wristwatch Rice (per pound) Japan 50 hours 2 hours Thailand 30 hours 1.5 hours Table 2-9 shows the number of labor hours
Table 2-9 One Wristwatch Rice (per pound) Japan 50 hours 2 hours Thailand 30 hours 1.5 hours Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand. Refer to Table 2-9. If the two countries specialize and trade, who should export rice? Group of answer choices Thailand They should both be exporting rice. There is no basis for trade between the two countries. Japan
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