Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following table states how many hours of labor it takes in the U.S. and Japan to make units of clothing and food. Based on

The following table states how many hours of labor it takes in the U.S. and Japan to make units of clothing and food. Based on this data, which statement is true? Select the best answer. U.S. Japan Clothing 2 3 Food 10 8 Answer Keypad Keyboard Shortcuts The U.S. has the absolute advantage in the production of clothing but not food. The U.S. has the absolute advantage in the production of food but not clothing. The U.S. has the absolute advantage in the production of neither good. The U.S. has the absolute advantage in the production of both goods

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Mathematics In Canada

Authors: Ernest Jerome

7th edition

978-0071091411, 71091416, 978-0070009899

More Books

Students also viewed these Economics questions

Question

ADD BX , [ 0 2 2 0 ] is a legal operation. True False

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago

Question

Define the process of communication

Answered: 1 week ago

Question

Explain the importance of effective communication

Answered: 1 week ago

Question

4. What is the goal of the others in the network?

Answered: 1 week ago

Question

2. What we can learn from the past

Answered: 1 week ago