Question: can anyone answer this ? thanks. Cheese( units) bread ( units) England 40 20 Spain 20 5 The table above shows how much each of
can anyone answer this ? thanks.
- Cheese( units) bread ( units)
England 40 20
Spain 20 5
The table above shows how much each of two countries can produce in 40 hours. (For example, England can produce 40 units of
cheese in 40 hours.) England has an absolute advantage in __________ and the Spain has an absolute advantage in __________.
a. bread, cheese
b. both goods, neither good
c. cheese, both goods
d. both goods, cheese Incorrect.
e. neither good, bread
- A technological breakthroughs in the production of computers creates a __________ and causes the price of computers to
__________.
a. leftward shift of supply, rise
b. rightward shift of supply, fall
c. rightward shift of demand, rise d. rightward shift of supply, rise
e. leftward shift of demand, rise
- Bombs missiles
Itchy 10 8
Scratchy 6 4
The table above shows how many bombs or missiles Itchy and Scratchy can produce in one year. (For example, Itchy could
produce 10 bombs or 6 missiles in a year.) Which of the following is an accurate statement about comparative advantage?
a. Itchy has the comparative advantage in both goods.
b. Scratchy has the comparative advantage in both goods.
c. No one has the comparative advantage in missiles.
d. Itchy has the comparative advantage in bombs, while Scratchy has the comparative advantage in missiles.
e. Itchy has the comparative advantage in missiles, while Scratchy has the comparative advantage in bombs.
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