social studies reviewer
Quiz
•
Social Studies
•
9th Grade
•
Easy
casey n
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65 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
ability to produce a good using fewer inputs compared to another producer
comparative advantage
opportunity cost
absolute advantage
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
there is a move to a different point along the same demand curve caused only by a change in price
changes in demand
movement along the demand curve
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
comparing the productivity of one person/firm/nation to that of another
absolute advantage
opportunity cost
comparative advantage
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
whatever must be given up to obtain some item
absolute advantage
comparative advantage
opportunity cost
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the ability to produce goods and services at a lower opportunity cost compared to another producer
absolute advantage
opportunity cost
comparative advantage
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
the producer who has a higher opportunity cost is said to have a comparative advantage
false
true
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
trade can make everyone better off since it allows people to specialize in those activities which they have a comparative advantage
true
false
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