Which of the following describes comparative advantage?
A: To produce a bushel of wheat Farmer John must give up 2 bushels of corn whereas Farmer Ben must give up 3 bushels of corn.
B: Company A can produce 4 boxes of cereal in a day whereas Company B can produce 5 boxes of cereal in a day.
C: Firm A can produce a good at a cost of $3 and Firm B can produce the good at a cost of $4.
D: Jane can type 50 words per minute and Joe can type 60 words per minute.
A: To produce a bushel of wheat Farmer John must give up 2 bushels of corn whereas Farmer Ben must give up 3 bushels of corn.
B: Company A can produce 4 boxes of cereal in a day whereas Company B can produce 5 boxes of cereal in a day.
C: Firm A can produce a good at a cost of $3 and Firm B can produce the good at a cost of $4.
D: Jane can type 50 words per minute and Joe can type 60 words per minute.
举一反三
- Individuals Lin<br/>and Li<br/>both produce good X. Lin has a<br/>comparative advantage in the production of good X if Lin ( ) A: has a lower opportunity cost of producing good X than<br/>has Li. B: has a lower opportunity cost of producing good X than<br/>of producing good C: can produce more units of X in a given time period<br/>than can Li. D: can produce X using newer technology than can Li.
- Suppose that when the price of corn is $2 per bushel, farmers can sell 10 million bushels. When the price of corn is $3 per bushel, farmers can sell 8 million bushels. Which of the following statements is true?_________.
- According to Para 3,______per person of the earth’s surface can be used to produce food.
- Which of the following parasites can produce premunition
- Suppose Bob can produce more jeans than Joe in a day. Bob has ________ advantage over Joe in sewing jeans.