
Comparative Advantage and Economic Concepts

Interactive Video
•
Geography, History, Economics, Social Studies
•
9th - 12th Grade
•
Hard

Mia Campbell
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What caused Tasmania to become isolated from Australia around ten thousand years ago?
A volcanic eruption
Rising sea levels
Human migration
A massive earthquake
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the Europeans find when they discovered Tasmania in 1642?
A society with the simplest material culture
A thriving trade hub
A highly advanced civilization
A deserted island
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the surprising benefits of Comparative Advantage?
It eliminates the need for trade
It only benefits the more skilled individuals
It requires everyone to improve their skills
It allows for more production through specialization and trade
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the example of Bob and Ann, what happens if Bob focuses only on gathering bananas and Ann on catching fish?
They both become less efficient
Total production increases
Total production remains the same
Total production decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost for Bob when he chooses to gather a banana?
Three fish
Two fish
One fish
Four fish
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does Ann benefit from trading with Bob even if she is better at everything?
Because she has more resources
Because her opportunity cost for bananas is higher
Because she wants to help Bob
Because she likes Bob
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to Ann's opportunity cost for bananas if she becomes better at fishing?
It decreases
It increases
It remains the same
It becomes irrelevant
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