Economics of Trade
Authored by Christine Power
Business
12th Grade
Used 7+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: Competitive Advantage is a product that a country is better at producing than ______.
A) its competitors
B) other countries
C) itself
D) the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true?
Absolute Advantage and Competitive Advantage are the same.
Absolute Advantage is about efficiency in resource use.
Competitive Advantage is about efficiency in resource use.
Neither Absolute nor Competitive Advantage involves efficiency.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: A country with ______ Advantage can produce a product more efficiently than other countries.
Competitive
Absolute
Relative
Comparative
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has an absolute advantage in peaches?
Canada
United States
Both
Neither
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total number of apples produced by Canada and the United States combined?
1,000
1,200
2,200
1,300
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?
