Friday

July 25, 2014

July 25, 2014

Posted by **alex** on Sunday, July 22, 2012 at 5:13pm.

1 bulldozer

3 cars

America

1 bulldozer

2 cars

WORLD TOTAL

2 bulldozers

5 cars

8. What is the opportunity cost for America to make 1 bulldozer instead of cars? A) 1 car B) 2 cars C) 1/2 car

9. What is the opportunity cost for Japan to make 1 bulldozer instead ofcars? A) 1 car B) 1/3 car C) 3 cars

10. Which country has the lower opportunity cost in making bulldozers? A) Japan B) America C) neither

11. Who has the absolute advantage in making cars? A) Japan B) America C) neither

12. What is the opportunity cost for Japan making 1 car? A) 1 bulldozer B) 3 bulldozers C) 1/3 of a bulldozer

13. Who has the comparative advantage in making bulldozers? A) Japan B) America C) neither

i think 8)b 9)c 10)b 11)a 12)c 13) not sure but i think its C actually, not B.

Did i get them right??

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