New Zealand has a comparative advantage in woolen clothing and Japan has a compa

Question

New Zealand has a comparative advantage in woolen clothing and Japan has a comparative advantage in consumer electronic products. We know, from this fact alone: A. that it takes less labor to produce woolen clothing in New Zealand. B. that it takes more labor to produce consumer electronic products in Japan. C. that New Zealand must be more technically efficient in the production of woolen clothing. D. that the opportunity cost of producing woolen clothing is lower in New Zealand than it is in Japan.

Explanation / Answer

D. that the opportunity cost of producing woolen clothing is lower in New Zealand than it is in Japan.

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