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Absolute Advantage

Authored by John Robinson

Social Studies

12th Grade

Used 1+ times

Absolute Advantage
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Who has the ABSOLUTE advantage in making earrings?

Marie

Isabella

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The producer that can produce the most output OR requires the least amount of inputs (resources)

Comparative Advantage

Trade Offs

Absolute Advantage

Opportunity Cost

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

From the last question, who has the absolute advantage in tools?

Peru

U.S.

neither

not enough info

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If Country A can produce 100 cars with 10 workers and Country B can produce 80 cars with the same number of workers, which country has an absolute advantage?

Country B

Country A

Both countries

Neither country

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Using the same information from the last question, who has the absolute advantage in the production of cars?

U.S.

Peru

neither

not enough info

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The U.S. can produce 10 ipads or 20 phones. China can produce 20 ipads or 30 phones. Who should produce what?

U.S.-ipads

China- phones

U.S. phones

China- ipads

both should produce ipads

they should not specialize

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Who has an absolute advantage in processed copra?

Linavulu

Bradyburg

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