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Comparative advantage
Page 3
Questions (146)
Switzerland can either produce 1 pound of cheese or 2 pounds of chocolate in an hour. In this example, what product is the
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Pakistan, Bangladesh, and Sri Lanka specialize in producing and selling lower cost cloth and clothing than other countries.
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Help
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What is comparative advantage? How does it relate to productivity? answer in one sentence
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Pakistan, Bangladesh, and Sri Lanka specialize in producing and selling lower cost cloth and clothing than other countries.
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Dimitri’s family has lived in Costa Rica for generations and has learned that a country can have a competitive edge when
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Pakistan, Bangladesh, and Sri Lanka specialize in producing and selling lower cost cloth and clothing than other countries.
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melanie martinez <3333
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Suppose that Croatia and Luxembourg both produce beets and wheat. Croatia's opportunity cost of producing a bushel of wheat is 6
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Suppose the United States is currently producing 160 tons of hamburgers and 72 tons of tacos, and Mexico is currently producing
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Multiple Choice Question
Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has
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Killaim_Cipher
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Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
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Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
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Multiple Choice Question
Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has
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seed
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Country a has a climate well suited for agricultural but few energy resources contribute is a r i d but has 24 access to all
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Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
1 answer
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Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
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nobody
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Country A has a climate well-suited for agriculture, but few energy resources. Country B is arid but has plentiful access to
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Use the chart below, which shows the output of Hummels and Murano Glass per day for Germany and Italy, to solve questions 11-15
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Use the chart below, which shows the output of Wallets and Coffee per day for China and Colombia, to solve questions 16-20 (YOU
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Use the graph below, which shows the amount of Potatoes and Corn produced each day by Idaho and Iowa, to answer questions 21-25
3 answers
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Which country has the comparative advantage in trucks?
Country A trucks = 6 m Country B trucks = 21 m
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Question
Drag and drop the words to complete the sentence. (1 point) Put responses in the correct input to answer the question.
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Something
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Consider two countries, Country X and Country Y, which produce only two goods: cars and bicycles. Country X can produce 200 cars
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What is the difference between absolute advantage and comparative advantage?(1 point) Responses Absolute advantage is how much
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What distinguishes comparative advantage from absolute advantage in production?(1 point)
Responses A country has comparative
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Country A has a temperate climate and can grow bananas in the spring.
It produces 42,000 pounds of bananas per year per growing
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Jett
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Complete each sentence about the scenario you just explored.
In the previous example, the United States and Brazil were efficient
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Jett
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Comparative advantage means the ability to produce a good or service
more efficiently than another country. with a lower
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Jett
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Jamal and Keisha each earn money by washing cars and mowing lawns.
Jamal can mow 4 lawns or wash 8 cars in one day. Keisha can
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Jett
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A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled
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Jett
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A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled
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Jett
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When a country can produce more of a product with the same inputs than other countries this is know as comparative or relative
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If both Japan and the United States directed all of their resources to the production of laptops, the United States would
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What distinguishes comparative advantage from absolute advantage in production?(1 point)%0D%0AResponses%0D%0A%0D%0AA country has
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What distinguishes comparative advantage from absolute advantage in production?(1 point)
Responses a A country has comparative
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LostCoward
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Comparative and Absolute Advantage Quick Check
5 of 55 of 5 Items Question A country produces books and video games exclusively.
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LostCoward
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Which of the following statements is true about comparative advantage?
• Hollomantopia has the comparative advantage in
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The global economy apply
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Which of the following statements about trade between Hollomantopia and Canineland is true?
• the bornartopia dinos better of i
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The global economy apply
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What distinguishes comparative advantage from absolute advantage in production?(1 point)
Responses A country has comparative
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7 views
What distinguishes comparative advantage from absolute advantage in production?(1 point)
Responses A country has comparative
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30 views
If both Japan and the United States directed all of their resources to the production of laptops, the United States would
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12 views
Use the table to answer the question.
Apples Bananas Country A 500 1500 Country B 800 1600 The table above displays the amount
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What distinguishes comparative advantage from absolute advantage in production?(1 point) Responses A country has comparative
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8 views
Given the following output table
Which of the following statements about trade between Hollomantopia and Canineland is true? (1
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Given the following output table
Which of the following statements is true about comparative advantage? (1 point) Responses
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David takes 10 minutes to process a customer, and 20 minutes to stock the shelves. Danny
takes 15 minutes to process a customer,
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David takes 10 minutes to process a customer, and 20 minutes to stock the shelves. Danny
takes 15 minutes to process a customer,
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3 views
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Parent Categories (20)
Economic Geography
Economics
Economics/International Trade
Farming
International Economics
International Trade
Maple and Honey Production
Opportunity Cost
Production
Production and opportunity cost
Production and Trade
Production possibilities
Production Possibility
Resource Allocation
Skills and Abilities
Specialization
Tourism
Trade
Trade and Resources
Trade theory