Japan and Italy both produce automobiles.
However, Italy can produce sports cars of a higher quality and at a faster rate
with a higher profit. Which one of the following statements is correct in this
scenario?

Question

Answer

Italy has an absolute advantage in the
industry

Answer

Italy has a comparative advantage
in the industry

Answer

Italy has a well-established
brand name

Answer

Italy has no advantage in the industry

Crowdly

Japan and Italy both produce automobiles. However, Italy can produce sports car...

Want instant access to all verified answers on mymodules.dtls.unisa.ac.za?