Table 1 Capital Endowment Labor Endowment Country (Billion 1966 $) (1,000 Persons) AB 6,597 785,933 12,470 76,595 The United States' comparative advantage over Japan in the production of rock-n- roll music implies that (for a similar quality of music) the opportunity cost of production is less in Japan. absolute cost of production is less in the United States. absolute cost of production is less in Japan. opportunity cost of production is less in the United States.
Table 1 Capital Endowment Labor Endowment Country (Billion 1966 $) (1,000 Persons) AB 6,597 785,933 12,470 76,595 The United States' comparative advantage over Japan in the production of rock-n- roll music implies that (for a similar quality of music) the opportunity cost of production is less in Japan. absolute cost of production is less in the United States. absolute cost of production is less in Japan. opportunity cost of production is less in the United States.
Chapter2: International Flow Of Funds
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