3
QuizMultiple Choice

International Trade

Question 3 • 26-27 Ignite Economics-KY-Economics

The United States is said to have an absolute advantage in producing food compared with Japan. What does that mean?

Answer
A
It must import most of its food from Japan.
B
It produces food more efficiently than Japan.
C
It produces food at a higher cost than Japan.
D
It must export most of its food to Japan.
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