Comparative Advantage and Trade
Authored by MARISSA DECKER
Social Studies
12th Grade
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost for Charlie to produce 10 plates?
30 cups
20 cups
15 cups
25 cups
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost for Patty to produce 30 plates?
10 cups
15 cups
20 cups
25 cups
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who has the comparative advantage in plates?
None of the above
Charlie
Both have the same advantage
Patty
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who has the comparative advantage in cups?
Charlie
Patty
Both have the same advantage
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost of 1 plate for Charlie in terms of cups?
2 cups
4 cups
3 cups
1/2 cup
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the opportunity cost of 1 plate for Patty in terms of cups?
2/3 cup
1/2 cup
1/3 cup
1/4 cup
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Patty specialize in?
Both cups and plates
Plates
Cups
None of the above
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