
Comparative advantages
Quiz
•
Business
•
1st - 5th Grade
•
Practice Problem
•
Hard
Quang Anh Phùng
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is comparative advantage?
Producing goods at the highest cost
Producing goods at the lowest opportunity cost
Producing more goods than other countries
Producing goods without any cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country has a comparative advantage in coffee production?
Japan
Germany
Brazil
Canada
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of comparative advantage?
Decreased exports
Increased costs
Specialization in production
Reduced competition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Comparative advantage leads to what economic outcome?
Economic stagnation
Economic decline
Economic isolation
Economic growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a challenge of comparative advantage?
Dependency on international markets
Decreased national income
Unlimited resources
Increased local consumption
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might over-reliance on one industry be risky?
It makes the economy stable
It makes the economy vulnerable to external shocks
It guarantees constant growth
It reduces environmental impact
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a natural comparative advantage?
Advanced technology
Abundant natural resources
High levels of education
Strong legal system
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