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Sources of Comparative Advantage
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Sources of Comparative Advantage
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9. International Trade / Sources of Comparative Advantage / Problem 6
Problem 6
In what ways do the US and Japan use technology differently to gain a comparative advantage?
A
Both countries use technology primarily for mass production.
B
Japan focuses on optimizing production processes, while the US uses technology to create new products.
C
The US and Japan both focus on reducing labor costs through technology.
D
The US focuses on optimizing existing products, while Japan creates new products.
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