1.4 Comparative Advantage and Trade

1.4 Comparative Advantage and Trade

12th Grade

20 Qs

quiz-placeholder

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1.4 Comparative Advantage and Trade

1.4 Comparative Advantage and Trade

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Brad Sievers

Used 11+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Is this an output or input problem?

input

output

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

What is Augus's opportunity cost of making one burrito? ____ tacos?

Enter a number....

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in producing Burritos?

Brian

Angus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the absolute advantage in producing Burritos?

Brian

Angus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the absolute advantage in producing Tacos?

Brian

Angus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in producing Tacos?

Brian

Angus

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is Brian's opportunity cost of making one taco?

1/4 Burrito

1/6 Burrito

1/2 Burrito

1/8 Burrito

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