International Trade

International Trade

University

8 Qs

quiz-placeholder

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International Trade

International Trade

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

Matthew McGehee

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in cars?

Y

X

Neither

Unknown

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in Planes?

Y

X

Neither

Unknown

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in Food?

Gamma

Neither

Omega

Both

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the comparative advantage in Clothing?

Gamma

Neither

Omega

Both

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the Comparative advantage in Coffee?

Peru

Colombia

Neither

Unknown

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who has the Comparative advantage in Tea?

Peru

Colombia

Neither

Unknown

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Assume that the terms from trade are 1 coffee for 1 tea. Who benefits from this trade?

Peru

Colombia

Neither

Both

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Assume that the terms from trade are 1.5 coffee for 1 tea. Who benefits from this trade?

Peru

Colombia

Neither

Both