Suppose that a Canadian worker can produce 50 cell phones or 5 televisions in a typical workweek, while a Japanese worker can produce 45 cell phones or 5 televisions in a typical workweek. What can we conclude from these numbers?Multiple choice question.Canada has a comparative advantage in the production of cell phones.Canada has an absolute advantage in the production of televisions.Japan has an absolute advantage in the production of televisions.Japan has a comparative advantage in the production of cell phones.

Suppose that a Canadian worker can produce 100 cars or 10 trucks in a typical workweek, while a German worker can produce 90 cars or 10 trucks in a typical workweek. What can we conclude from these numbers?Multiple choice question.Canada has an absolute advantage in the production of trucks.Canada has a comparative advantage in the production of cars.Germany has a comparative advantage in the production of cars.Germany has an absolute advantage in the production of trucks.

The United States imports televisions from Japan and Japan imports computer chips from the United States. If the theory of comparative advantage guides trade between the two countries, it must be true thatGroup of answer choicesthe opportunity cost of producing televisions in Japan is higher than that in the United States.the opportunity cost of producing computer chips in the United States is higher than that in Japan.the United States has comparative advantage in producing computer chips.the United States has comparative advantage in producing televisions.

Two countries produce coal and iron. Country A can produce a maximum of 500 tons of coal per day or 250 tons of iron. Country B can produce a maximum of 900 tons of coal per day or 300 tons of iron. Which statement best describes this situation?A.Country B has a comparative advantage producing coal.B.Country B has a comparative advantage producing iron.C.Country A has an absolute advantage producing coal.D.Country A has an absolute advantage producing iron.

The table below shows the production of cell phones and tablets by both China and U.S. Which country has the absolute advantage in producing cell phones and which country has the comparative advantage in producing Tablets? Cell PhonesTabletsChina108United States610Group of answer choicesChina, ChinaChina, U.S.U.S., ChinaU.S., U.S.

Suppose that opportunity costs in India and Thailand are constant. In India, maximum feasible hourly production rates are either 0.3 unit of cloth or 0.2 unit of food. In Thailand, maximum feasible hourly production rates are either 0.5 unit of cloth or 0.5 unit of food. It is correct to state thatSelect one:A.India has no comparative advantage in producing cloth or wheat.B.India has a comparative advantage in producing both cloth and wheat.C.Thailand has a comparative advantage in producing cloth.D.India has a comparative advantage in producing cloth.