Absolute and Comparative Advantage
Social Studies
12th Grade
Used 3+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A tax placed on imported goods.
tariffs
quotas
embargos
standards
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limit to the quantity of a good imported into a country.
tariff
subsidies
quota
standards
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A complete ban on trade between two countries.
standard
subsidies
tariffs
Embargo
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The requirements that a good must meet beofre it can enter a country.
tariffs
standards
subsidies
quotas
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Government payments trasnferred to exporting companies allowing companies to compete with other nations at the international market price without havinh to incur the costs associated with selling at the lower price.
subsidies
Embargo
tariff
Quota
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which worker has an absolute advantage in the production of salads?
(a)
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Which worker has an absolute advantage in the production of pizzas?
(a)
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