In the 1970s, Japan developed new technologies and achieved high productivity that resulted in Japan sustaining a comparative advantage in the automobile market with the United States. This led to an increase in the market share of Japanese cars in the U.S., as they were often seen as more efficient and reliable compared to American-made vehicles.
In the 1970s, Japan developed new technologies and achieved high productivity that resulted in _____.
Japan sustaining a comparative advantage in the automobile market with the United States
Japanese cars being much more expensive than American cars
lost jobs for U.S. workers, causing unusually high unemployment into the 1990s
less demand for Japanese automobiles in the U.S. automobile market
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