The tables below illustrate production possibilities for Japan and the US in the production of electronic equipment EE) and autos (AU). The following questions are based on these tables and pertain to Absolute and Comparative Advantage.Assume each country has the same amount of inputs and allocated 50% of its inputs to electronic equipment and 50% to autos. US is producing at "C" (66, 76) and Japan at "T" (96, 18) [middle columns].Answer the following questions regarding Absolute and Comparative Advantage in the production of electronic equipment (EE) or autos (AU).

US Production Possibilities Table:

Which of the following is correct? Japan has an absolute advantage in the production of ___.

A) only EE.

B) only AU.

C) both EE and AU.

D) Neither EE nor AU.

The (constant) Opportunity Cost of producing another unit of electronic equipment (EE) in the US is ________? Carry your answer out to three (3) decimal points but do not round.For example, if your answer is 1.2556, enter 1.255.Do not include a + or - sign in your answer.

The (constant) Opportunity Cost of producing another unit of electronic equipment (EE) in Japan is ________?

The (constant) Opportunity Cost of producing another auto (AU) in the US is ________.

The (constant) Opportunity Cost of producing another auto (AU) in Japan is ________.