
Comparative advantage vs Absolute advantage: The Battle Between
Passage
•
Other
•
12th Grade
•
Practice Problem
•
Easy
Anonymous Anonymous
Used 3+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between absolute advantage and comparative advantage?
Comparative advantage focuses on making a product faster, while absolute advantage focuses on the cost of making it.
Absolute advantage is about making a product better than anyone else, while comparative advantage looks at the cost of not making something.
Comparative advantage is about making a product better, while absolute advantage is about making it faster.
Absolute advantage focuses on making a product faster, while comparative advantage focuses on the cost of not making something.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has an absolute advantage in the provided example?
Country B
Country A
Neither Country A nor Country B
Both Country A and Country B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is at the heart of the idea of comparative advantage?
Opportunity cost
The speed of production
The number of products made
The quality of the product
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has a comparative advantage in making coffee according to the example?
Country A
Country B
Neither Country A nor Country B
Both Country A and Country B
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does absolute advantage mean in economics?
Focusing on domestic production only
Giving up fewer benefits to make a certain product
Making more of a good with the same amount of resources than another country
Making a product at a lower cost than anyone else
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is comparative advantage considered more important to economists than absolute advantage?
Because it emphasizes domestic production over imports
Because it looks at how much it costs to not do something
Because it allows for faster production
Because it focuses on quality over quantity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is better at making milk and meat from animals that eat grass?
The Democratic Republic of Congo
Japan
Ireland
Indonesia
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
13 questions
Week 7 Quiz
Quiz
•
9th - 12th Grade
10 questions
Kinds of Quantitative Research, Kinds of Variables
Quiz
•
12th Grade
8 questions
Bangladesh
Quiz
•
KG - Professional Dev...
10 questions
Room status code
Quiz
•
11th Grade - Professi...
11 questions
Rules of Composition Refresher
Quiz
•
12th Grade
15 questions
Pokemon
Quiz
•
KG - Professional Dev...
9 questions
What game
Quiz
•
KG - Professional Dev...
15 questions
ENTREP
Quiz
•
12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Other
20 questions
-AR -ER -IR present tense
Quiz
•
10th - 12th Grade
15 questions
Making Inferences
Quiz
•
7th - 12th Grade
12 questions
Add and Subtract Polynomials
Quiz
•
9th - 12th Grade
7 questions
How James Brown Invented Funk
Interactive video
•
10th Grade - University
15 questions
Atomic Habits: Career Habits
Lesson
•
9th - 12th Grade
20 questions
Banking
Quiz
•
9th - 12th Grade
15 questions
Exponential Growth and Decay Word Problems Practice
Quiz
•
9th - 12th Grade
18 questions
AP Bio Insta-Review Topic 6.1*: DNA & RNA Structure
Quiz
•
9th - 12th Grade
