Organic Chemistry 8th Edition Bruice Test Bank

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PrincipleshofhMicroeconomics,h7eh(Frank)h
Chapterh2h ComparativehAdvantage

1) Anhindividualhhashanhabsolutehadvantagehinhproducinghpizzashifhthathindividual:
A) hashahlowerhopportunityhcosthofhproducinghpizzashthanhanyonehelse.
B) canhproducehmorehpizzashinhahgivenhamounthofhtimehthanhanyonehelse.
C) hashahhigherhopportunityhcosthofhproducinghpizzashthanhanyonehelse.
D) chargeshthehlowesthpricehforhpizzas.

2) IfhAlhhashanhabsolutehadvantagehoverhBethhinhpreparinghmeals,hthen:
A) ithtakeshAlhmorehtimehtohpreparehahmealhthanhBeth.
B) thehproblemhofhscarcityhapplieshtohBethhbuthnothtohAl.
C) Al'shopportunityhcosthofhpreparinghahmealhishlowerhthanhishBeth's.
D) AlhcanhpreparehmorehmealshinhahgivenhtimehperiodhthanhBeth.

3) IfhLeshcanhproducehtwohpairshofhpantshperhhourhwhilehEvahcanhproducehonehpairhperhhour,hthenhit
hmusthbehtruehthat:

A) Leshhashahcomparativehadvantagehinhproducinghpants.
B) Leshhashanhabsolutehadvantagehinhproducinghpants.
C) Evahhashahcomparativehadvantagehinhproducinghpants.
D) Leshhashbothhcomparativehandhabsolutehadvantagehinhproducinghpants.

4) Ifhahnationhcanhproducehahmorehcomputershperh yearhthanhanyhotherhnation,hthathnationhhasha(n)
advantagehinhthehproductionhofhcomputers.
A) comparative
B) absolute
C) relative
D) natural

5) Ifhyouhhavehahcomparativehadvantagehinhahparticularhtask,hthen:
A) youhcompletehithfasterhthanhotherhpeople.
B) youhgivehuphmorehtohaccomplishhthathtaskhthanhdohothers.
C) youhgivehuphlesshtohaccomplishhthathtaskhthanhdohothers.
D) youhhavehspecializedhinhthathtask,hwhilehothershhavehnot.

6) Larryhhashahcomparativehadvantagehoverhhishclassmateshinhwritinghtermhpapershifhhe:
A) canhwritehtermhpapershfasterhthanhhishclassmates.
B) hashanhabsolutehadvantagehinhwritinghtermhpapers.
C) alwayshearnshanhAhonhhishtermhpapers.
D) hashahlowerhopportunityhcosthofhwritinghtermhpapershthanhhishclassmates.




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7) Ifhahnationhhashthehlowesthopportunityhcosthofhproducinghahgood,hthathnationhhasha(n)h
hinhthehproductionhofhthathgood.

A) comparativehadvantage
B) absolutehadvantage
C) comparativehadvantagehandhanhabsolutehadvantage
D) absolutehadvantagehandhpossiblyhahcomparativehadvantage

8) Whichhofhthehfollowinghstatementshishtrue?
A) Absolutehadvantagehimplieshcomparativehadvantage.
B) Comparativehadvantagehdoeshnothrequirehabsolutehadvantage.
C) Absolutehadvantagehrequireshcomparativehadvantage.
D) Comparativehadvantagehrequireshabsolutehadvantage.

9) IfhJanehcanhproduceh3hpairshofhshoeshperhhour,hwhilehBobhcanhproduceh2,hthenh
hasha(n)h advantagehinhproducinghshoes.
A) Jane;habsolute
B) Jane;hcomparative
C) Bob;habsolute
D) Bob;hcomparative

10) Accordinghtohthehaccompanyinghtable,hMarthahhashthehabsolutehadvantagehinhmaking:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) pies.
B) neitherhpieshnorhcakes.
C) cakes.
D) bothhpieshandhcakes.

11) Accordinghtohthehaccompanyinghtable,hJuliahhashthehabsolutehadvantagehinhmaking:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) pies.
B) neitherhpieshnorhcakes.
C) cakes.
D) bothhpieshandhcakes.
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12) Referhtohthehaccompanyinghtable.hMartha'shopportunityhcosthofhmakinghofhahpiehis:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) 3/4hofhahcake.
B) 4/3hofhahcake.
C) 8hcakes.
D) 80hcakes.

13) Referhtohthehaccompanyinghtable.hMartha'shopportunityhcosthofhmakinghahcakehis:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) 3/4hofhahpie.
B) 4/3hofhahpie.
C) 6hpies.
D) 60hpies.

14) Referhtohthehaccompanyinghtable.hJulia'shopportunityhcosthofhmakinghahpiehis:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) 60hcakes.
B) 6hcakes.
C) 6/5hofhahcake.
D) 5/6hofhahcake.




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15) Referhtohthehaccompanyinghtable.hJulia'shopportunityhcosthofhmakinghahcakehis:


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) 60hcakes.
B) 6hcakes.
C) 6/5hofhahcake.
D) 5/6hofhahcake.

16) Referhtohthehaccompanyinghtable.h
hashthehcomparativehadvantagehinhmakinghpieshandh
thehcomparativehadvantagehinhmakinghcakes.


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) Martha;hMartha
B) Julia;hJulia
C) Martha;hJulia
D) Julia;hMartha

17) Referhtohthehaccompanyinghtable.hBasedhonhtheirhcomparativehadvantage,hMarthahshouldhs
pecializehinhmakingh whilehJuliahshouldhspecializehinhmakingh .


TimehtohMakehahPie TimehtohMakehahCake
Martha 60hminutes 80hminutes
Julia 50hminutes 60hminutes


A) pies;hcakes
B) cakes;hpies
C) neitherhpieshnorhcakes;hbothhpieshandhcakes
D) bothhpieshandhcakes;hneitherhpieshnorhcakes




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HillhEducation.hAllhrightshreserved.hNohreproductionhorhdistributionhwithouththehpriorhwrittenhconsenthofhMcGraw-
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