Assume that China has a comparative advantage in producing corn and exports corn to Japan. We can conclude that ________.

Answers

Answer 1

Answer:

Lower opportunity cost in the production of corn.

Explanation:

We can conclude that China has a lower opportunity cost for the production of corn and Japan has a high opportunity cost of producing the cost because comparative advantage can be seen when a country produces a commodity that has lower opportunity cost or less than the opportunity cost of other countries. So China has a comparative advantage means it has a lower opportunity cost of corn production.


Related Questions

The valuation you have of yourself is known as

Answers

Answer:

self-esteem

Explanation:

self-esteem is how you value yourself

Answer:

self-esteem

Explanation:

What type of information system would a chain of theaters use to sell

tickets?

Answers

Answer:

transaction processing system

The  type of information system would a chain of theaters used to sell tickets is the transaction processing system.

What is the transaction processing system?

Transaction processing is a method of acting or calculation that breaks down the work into discrete, indivisible activities known as transactions.

A transaction processing system software collection that facilitates transaction processing.

It's the kind of information system that a theater chain might use to sell tickets.

Therefore, transaction processing system helps in completing the business.

Learn more about the transaction processing system, refer to:

https://brainly.com/question/11621307

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