Understanding Comparative Advantage and Trade
Interactive Video
•
Aiden Montgomery
•
Business, Economics, Social Studies
•
10th - 12th Grade
•
Hard
08:56
10 questions
Show answers
1.
Multiple Choice
What is the maximum number of cups Charlie can produce if he focuses all his time on them?
10 cups
20 cups
30 cups
40 cups
2.
Multiple Choice
If Charlie produces 10 plates, how many cups does he give up?
10 cups
40 cups
20 cups
30 cups
3.
Multiple Choice
What is Patty's opportunity cost of producing one plate in terms of cups?
1 cup
10 cups
1/3 cup
3 cups
4.
Multiple Choice
Who has the comparative advantage in producing plates?
Neither
Charlie
Patty
Both have the same
5.
Multiple Choice
What is the opportunity cost for Charlie to produce one cup?
10 plates
3 plates
1/3 plate
1 plate
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