Canada exports canola oil to Japan. Therefore, O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price.

Canada exports canola oil to Japan. Therefore, O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Japan must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is higher than the free trade price. O Canada must have the comparative advantage in the production of canola oil, and its autarkic price is lower than the free trade price.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 7P

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