In 2000, Japan was Asia’s largest exporter of electrical components, but by 2018 it had fallen to 8th place. What might explain this change?
- AJapan has a lower opportunity cost in electrical component production than its Asian competitors.
- BJapan has experienced greater deflation than its Asian competitors.
- CJapan has imposed tariffs on the import of electrical components from its Asian competitors.
- DThe Japanese Yen has appreciated against the currencies of its Asian competitors.