
Unit 5 - Absolute vs. Comparative Advantage
Authored by Kurtis Doehrman
Social Studies
12th Grade
Used 16+ times

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27 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Comparative advantages show:
outcomes without trading
who can make more items
competition within countries
who should produce what item at the lowest cost
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What type of advantage shows who can make the most item?
absolute advantage
comparative advantage
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Joy gives 2 haircuts and 1 perm. Susie gives 3 haircuts and 2 perms. Who has the absolute advantage for haircuts?
Joy
Susie
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
True or False: It is better for countries to specialize and conduct trades given comparative advantage data.
True
False
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A focus on developing only certain skills or producing only certain goods/services
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
The US can produce 200 airplanes or 400 trucks. Japan can produce 300 trucks or 100 airplanes.
Which country has the absolute advantage in producing airplanes?
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Suppose that in one week Sam can knit 5 sweaters or make 4 blankets and Rob can knit 10 sweaters or make 6 blankets. Which of the following is true?
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