Japan
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??
B
C
B
A
C
C
are these right?
Let's go through each question and determine the correct answers step-by-step:
8. What is the opportunity cost for America to make 1 bulldozer instead of cars?
To find the opportunity cost, we look at what is given up to produce something else. In this case, if America produces 1 bulldozer instead of cars, it gives up the production of 2 cars. Therefore, the answer is B) 2 cars.
9. What is the opportunity cost for Japan to make 1 bulldozer instead of cars?
Similar to the previous question, Japan gives up the production of 3 cars to make 1 bulldozer. Therefore, the answer is C) 3 cars.
10. Which country has the lower opportunity cost in making bulldozers?
Comparing the opportunity costs, we see that Japan gives up 3 cars while America gives up 2 cars to produce 1 bulldozer. Therefore, the answer is B) America.
11. Who has the absolute advantage in making cars?
To determine the country with the absolute advantage, we need to look at which country can produce more of a good using the same amount of resources. In this case, Japan can produce 3 cars, while America can only produce 2 cars. Therefore, the answer is A) Japan.
12. What is the opportunity cost for Japan making 1 car?
To find the opportunity cost, we look at what is given up to produce 1 car. In this case, since Japan can produce 3 cars, its opportunity cost for producing 1 car is 1/3 of a bulldozer. Therefore, the answer is C) 1/3 of a bulldozer.
13. Who has the comparative advantage in making bulldozers?
To determine the country with the comparative advantage, we need to look at which country has the lower opportunity cost in producing a good. Based on our previous calculations, Japan's opportunity cost in producing 1 bulldozer is 3 cars, while America's opportunity cost is 2 cars. Therefore, the answer is C) neither, as neither country has a lower opportunity cost.
Based on the step-by-step analysis, the correct answers are:
8) B) 2 cars
9) C) 3 cars
10) B) America
11) A) Japan
12) C) 1/3 of a bulldozer
13) C) neither
To determine if your answers are correct, let's analyze each question and its concept:
8. The opportunity cost for America to make 1 bulldozer instead of cars would be the number of cars that they could have produced instead. According to the given information, America initially has 2 cars and then makes 1 bulldozer. Thus, the opportunity cost for America to make 1 bulldozer instead of cars would be 2 cars. Therefore, your answer of B) 2 cars is correct.
9. The opportunity cost for Japan to make 1 bulldozer instead of cars would be the number of cars that they could have produced instead. According to the given information, Japan initially has 3 cars and then makes 1 bulldozer. Thus, the opportunity cost for Japan to make 1 bulldozer instead of cars would be 3 cars. Therefore, your answer of C) 3 cars is correct.
10. The country with the lower opportunity cost in making bulldozers would be the country that gives up fewer cars to produce 1 bulldozer. According to the given information, Japan gives up 3 cars to make 1 bulldozer, while America gives up 2 cars to make 1 bulldozer. Therefore, your answer of B) America is correct.
11. The absolute advantage in making cars would go to the country that can produce more cars in a given time period. According to the given information, Japan initially has 3 cars and then makes 1 bulldozer, while America initially has 2 cars and then makes 1 bulldozer. Therefore, Japan has the absolute advantage in making cars. Your answer of A) Japan is correct.
12. The opportunity cost for Japan to make 1 car would be the number of bulldozers that they could have produced instead. According to the given information, Japan initially has 1 bulldozer and then makes 1 car. Thus, the opportunity cost for Japan to make 1 car would be 1 bulldozer. Therefore, your answer of A) 1 bulldozer is correct.
13. The country with the comparative advantage in making bulldozers would be the country that has a lower opportunity cost in producing bulldozers compared to the other country. According to the given information, Japan gives up 3 cars to make 1 bulldozer, while America gives up 2 cars to make 1 bulldozer. Therefore, your answer of C) neither is correct. The countries have different opportunity costs, so neither has a comparative advantage in making bulldozers.
Based on the analysis, your answers are correct for questions 8, 9, 10, 11, and 12. However, for question 13, the correct answer is C) neither, not C) Japan.