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.
举一反三
- 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. Brandon and Christopher can A: gain from exchange if Brandon specializes in planting and Christopher specializes in plowing. B: gain from exchange if Brandon specializes in plowing and Christopher specializes in planting. C: exchange, but only Brandon will gain from the exchange. D: exchange, but only Christopher will gain from the exchange.
- Given the information in the following table, __________.[img=231x72]17de7621169bfb0.png[/img] A: neither country has a comparative advantage in cloth. B: Home has a comparative advantage in widgets. C: Foreign has a comparative advantage in widgets. D: Home has a comparative advantage in both cloth and widgets.
- Given the information in the following table, _________. Unit labor requirements Cloth Widgets Home 10 20Foreign 60 30 A: neither country has a comparative advantage in cloth. B: Home has a comparative advantage in widgets. C: Foreign has a comparative advantage in widgets. D: Home has a comparative advantage in both cloth and widgets.
- 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.
内容
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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
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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.
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2. _____________refined the theory of absolute advantage to one of comparative advantage.
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4.What does comparative advantage refer to?
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中国大学MOOC: In order to know whether a country has a comparative advantage in the production of one particular product we need information on at least ________ unit labor requirements.