Individuals Lin
and Li
both produce good X. Lin has a
comparative advantage in the production of good X if Lin ( )
A: has a lower opportunity cost of producing good X than
has Li.
B: has a lower opportunity cost of producing good X than
of producing good
C: can produce more units of X in a given time period
than can Li.
D: can produce X using newer technology than can Li.
and Li
both produce good X. Lin has a
comparative advantage in the production of good X if Lin ( )
A: has a lower opportunity cost of producing good X than
has Li.
B: has a lower opportunity cost of producing good X than
of producing good
C: can produce more units of X in a given time period
than can Li.
D: can produce X using newer technology than can Li.
举一反三
- A country has a__________ in producing a good if the opportunity cost of producing that good in terms of other goods is lower in that country than it is in other countries.
- If country A has a comparative advantage in producing shoes, then________________________.（ ）. A: other countries will never produce shoes if trade is allowed B: it can produce shoes at lower opportunity costs than other countries can C: it has more factors of production used in the production of shoes relative to other countries D: it can produce shoes using more resources than other countries can
- Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then A: Tom must have an absolute advantage in the production of baseball bats. B: Jim must have an absolute advantage in the production of baseball bats. C: Tom has a comparative advantage in the production of baseball bats. D: Jim has a comparative advantage in the production of baseball bats.
- 中国大学MOOC: Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then
- If an economy is producing<br/>efficiently, then ____ A: there is no way to produce<br/>more of one good without producing less of another good. B: it is possible to produce<br/>more of both goods without increasing the quantities of inputs that<br/>are being used. C: it is possible to produce<br/>more of one good without producing less of the other. D: it is not possible to<br/>produce more of any good at any cost.