Suppose Japan produces Widget A at the lowest cost. Then, Sweden discovers and uses new technology to produce Widget A at a slightly lower cost. What could Japan do to increase its comparative advantage in Widget A?
a. Japan could specialize on aspects of Widget A for which it is more productive relative to Sweden.
b. Japan can produce less of Widget A.
c. Japan can use its manufacturing sector to produce a different kind of widget.
d. Japan can continue to produce Widget A with no changes in production.
a. Japan could specialize on aspects of Widget A for which it is more productive relative to Sweden.
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