Quiz_2-2007spring_Key[1]

Quiz_2-2007spring_Key[1] - Solution Guideline for Second...

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(Fully understand your material. Don’t just memorize the answers here ) “The performance data shown represent past performance, which is not a guarantee of future results.”----Motto of stock market investor Multiple choices C C B D C    D B C A C   D C C B C    B B B A A Q1 comparative advantage problem:   a)  Japan for both   b)  comparative advantage – lower opportunity cost    c)  Japan should export what it has comparative advantage in (computers).  (explain your answer, you need set an example give a detailed explanation. )   d) Yes.  1) a country may enhance its technology level; 2) strengthen its education  and career training to accumulate more human capital; 3) a country may also  discovers new natural resource, eg. Gold was discovered at California. USA found  new oil reserves at Alaska or Gulf of New Mexico.  
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Quiz_2-2007spring_Key[1] - Solution Guideline for Second...

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