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In the 1970s, Japan developed new technologies and achieved high productivity that resulted in _____.

less demand for Japanese automobiles in the U.S. automobile market

Japan sustaining a comparative advantage in the automobile market with the United States

lost jobs for U.S. workers, causing unusually high unemployment into the 1990s

Japanese cars being much more expensive than American cars

1 Answer

4 votes

Answer:

Japan sustaining a comparative advantage in the automobile market with the United States

Step-by-step explanation:

Japan has a comparative advantage as they are more productive than the US. They have a lower opportunity cost from their high productivity technology.

User Arjan Blokzijl
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