举一反三
- Adam Smith is well known for ___________ A: Specification B: absolute advantage theory C: comparative advantage theory D: perfect competition
- When one producer has a lower opportunity cost of production than another producer for a given item, what exists? A: Absolute disadvantage B: Comparative disadvantage C: Comparative advantage D: Absolute advantage
- _______explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.( ) A: Mercantilism B: The law of comparative advantage C: The labor theory of value D: The law of absolute advantage
- Lao Li has absolute advantages in arable land and planting. Lao Li ( ) A: Only have absolute advantages in arable land B: Only have a comparative advantage in arable land C: Only have an absolute advantage in sowing D: Only have a comparative advantage in sowing
- If a Chinese worker can produce1 ton of wheator3 tons of cornper week, while a Brizilian worker can produce2 tons ofwheator5 tons of cornper week: A: Brizil has absolute advantage in both goods. B: Brazil has comparative advantage in corn and China has comparative in wheat. C: Brazil has comparative advantage in wheat and China has comparative in corn. D: Chinahas absolute advantage in corn.
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( ) determines the direction of trade and the limits to<br/>mutually beneficial trade. A: Specialization B: Absolute advantage C: Factor abundance D: Comparative advantage
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In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is correct A: Brandon has a comparative advantage in both plowing and planting. B: Brandon has a comparative advantage only in plowing. C: Brandon has a comparative advantage only in planting. D: Christopher has a comparative advantage in both plowing and planting.
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中国大学MOOC: comparative advantage urges nations to engage in true free trade and to specialize in area where they have the highest comparative advantage.
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Nations will usually produce and export those goods in which they have the greatest comparative advantage, and import those items in which they have the least comparative advantage.
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Which of the following about industrial policy is true A: Industrial policy is usually imposed-on industries with economies of scale. B: Industrial policy is usually imposed-on industries without economies of scale. C: Industrial policy could be a source of static comparative advantage rather than dynamic compararive advantage. D: Industrial policy couldbreak the constraints of static comparative advantage and create dynamic comparative advantage.