Predict how the shift in the location of Toyota’s production from Japan to the United States is likely to alter the pattern of c

Question

user100 [1]

3 years ago

5

Predict how the shift in the location of Toyota’s production from Japan to the United States is likely to alter the pattern of c

omparative advantage in automaking between the two countries

Business

2 answers:

mote1985 [20] · Answer 1 · 2021-12-12T11:01:13+03:00

mote1985 [20]3 years ago

8 0

Answer:

Access to market

Explanation:

If the production is shifted the Japanesse industry will gain the comparative advantage of access to the U.S. market.

tresset_1 [31] · Answer 2 · 2021-12-12T12:56:06+03:00

Answer:

Toyotas-- Japanese-made automobiles were imported into the U.S. for the first time in 1958 and American auto makers began losing market shares to the well-engineered, gas-saving and affordable foreign vehicles.

Foreign-made, fuel-efficient cars gained a stronger foothold in the American market during and after the 1973 oil embargo and corresponding rise in gas prices in the wake of the Arab-Israeli war.