DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
Chapter 02 Test Bank
b b b
Student:b
1. Anbindividualbhasbanbabsolutebadvantagebinbproducingbpizzasbifbthatbindividual:
A. hasbablowerbopportunitybcostbofbproducingbpizzasbthanbanyonebelse.
B. canbproducebmorebpizzasbinbabgivenbamountbofbtimebthanbanyonebelse.
C. hasbabhigherbopportunitybcostbofbproducingbpizzasbthanbanyonebelse.
D. chargesbtheblowestbpricebforbpizzas.
2. IfbAlbhasbanbabsolutebadvantageboverbBethbinbpreparingbmeals,bthen:
A. itbtakesbAlbmorebtimebtobpreparebabmealbthanbBeth.
B. thebproblembofbscarcitybappliesbtobBethbbutbnotbtobAl.
C. Al'sbopportunitybcostbofbpreparingbabmealbisblowerbthanbisbBeth's.
D. AlbcanbpreparebmorebmealsbinbabgivenbtimebperiodbthanbBeth.
3. IfbLesbcanbproducebtwobpairsbofbpantsbperbhourbwhilebEvabcanbproducebonebpairbperbhour,bthenbitbmustbbebtruebthat:
A. Lesbhasbabcomparativebadvantagebinbproducingbpants.
B. Lesbhasbanbabsolutebadvantagebinbproducingbpants.
C. Evabhasbabcomparativebadvantagebinbproducingbpants.
D. Lesbhasbbothbcomparativebandbabsolutebadvantagebinbproducingbpants.
4. Ifbabnationbcanbproducebabmorebcomputersbperbyearbthanbanybotherbnation,bthatbnationbhasba(n)b advantagebinbthebproductionbofbcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. Ifbyoubhavebabcomparativebadvantagebinbabparticularbtask,bthen:
A. youbarebbetterbatbitbthanbotherbpeople.
B. youbgivebupbmorebtobaccomplishbthatbtaskbthanbdobothers.
C. youbgivebupblessbtobaccomplishbthatbtaskbthanbdobothers.
D. youbhavebspecializedbinbthatbtask,bwhilebothersbhavebnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
6. Larrybhasbabcomparativebadvantageboverbhisbclassmatesbinbwritingbtermbpapersbifbhe:
A. canbwritebtermbpapersbfasterbthanbhisbclassmates.
B. hasbanbabsolutebadvantagebinbwritingbtermbpapers.
C. alwaysbearnsbanbAbonbhisbtermbpapers.
D. hasbablowerbopportunitybcostbofbwritingbtermbpapersbthanbhisbclassmates.
7. Ifbabnationbhasbtheblowestbopportunitybcostbofbproducingbabgood,bthatbnationbhasba(n)b inbthebproductionbofbthatbgood.
A. comparativeb advantage
B. absolutebadvantage
C. comparativebadvantagebandbanbabsolutebadvantage
D. absolutebadvantagebandbpossiblybabcomparativebadvantage.
8. Whichbofbthebfollowingbstatementsbisbtrue?
A. Absoluteb advantageb impliesb comparativeb advantage.
B. Comparativeb advantageb doesb notb requireb absoluteb advantage.
C. Absoluteb advantageb requiresb comparativeb advantage.
D. Comparativeb advantageb requiresb absoluteb advantage.
9. IfbJanebcanbproduceb3bpairsbofbshoesbperbhour,bwhilebBobbcanbproduceb2,bthenb hasba(n)b advantagebinbproducingbshoes.
A. Jane;babsolute
B. Jane;bcomparative
C. Bob;b absolute
D. Bob;b comparative
10. Referbtobthebtablebbelow.bAccordingbtobthebtable,bMarthabhasbthebabsolutebadvantagebin:
A. pies.
B. neitherbpiesbnorbcakes.
C. cakes.
D. bothbpiesbandbcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
11. Referbtobthebtablebbelow.bAccordingbtobthebtable,bJuliabhasbthebabsolutebadvantagebin:
A. pies.
B. neitherbpiesbnorbcakes.
C. cakes.
D. bothbpiesbandbcakes.
12. Referbtobthebtablebbelow.bMartha'sbopportunitybcostbofbmakingbofbabpiebis:
A. 3/4bofbabcake.
B. 4/3bofbabcake.
C. 8bcakes.
D. 80bcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
13. Referbtobthebtablebbelow.bMartha'sbopportunitybcostbofbmakingbabcakebis:
A. 3/4bofbabpie.
B. 4/3bofbabpie.
C. 6bpies.
D. 60bpies.
14. Referbtobthebtablebbelow.bJulia'sbopportunitybcostbofbmakingbabpiebis:
A. 60bcakes
B. 6bcakes
C. 6/5bofbabcake
D. 5/6bofbabcake
mynursytest.store
b b b b b b b b b b
Chapter 02 Test Bank
b b b
Student:b
1. Anbindividualbhasbanbabsolutebadvantagebinbproducingbpizzasbifbthatbindividual:
A. hasbablowerbopportunitybcostbofbproducingbpizzasbthanbanyonebelse.
B. canbproducebmorebpizzasbinbabgivenbamountbofbtimebthanbanyonebelse.
C. hasbabhigherbopportunitybcostbofbproducingbpizzasbthanbanyonebelse.
D. chargesbtheblowestbpricebforbpizzas.
2. IfbAlbhasbanbabsolutebadvantageboverbBethbinbpreparingbmeals,bthen:
A. itbtakesbAlbmorebtimebtobpreparebabmealbthanbBeth.
B. thebproblembofbscarcitybappliesbtobBethbbutbnotbtobAl.
C. Al'sbopportunitybcostbofbpreparingbabmealbisblowerbthanbisbBeth's.
D. AlbcanbpreparebmorebmealsbinbabgivenbtimebperiodbthanbBeth.
3. IfbLesbcanbproducebtwobpairsbofbpantsbperbhourbwhilebEvabcanbproducebonebpairbperbhour,bthenbitbmustbbebtruebthat:
A. Lesbhasbabcomparativebadvantagebinbproducingbpants.
B. Lesbhasbanbabsolutebadvantagebinbproducingbpants.
C. Evabhasbabcomparativebadvantagebinbproducingbpants.
D. Lesbhasbbothbcomparativebandbabsolutebadvantagebinbproducingbpants.
4. Ifbabnationbcanbproducebabmorebcomputersbperbyearbthanbanybotherbnation,bthatbnationbhasba(n)b advantagebinbthebproductionbofbcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. Ifbyoubhavebabcomparativebadvantagebinbabparticularbtask,bthen:
A. youbarebbetterbatbitbthanbotherbpeople.
B. youbgivebupbmorebtobaccomplishbthatbtaskbthanbdobothers.
C. youbgivebupblessbtobaccomplishbthatbtaskbthanbdobothers.
D. youbhavebspecializedbinbthatbtask,bwhilebothersbhavebnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
6. Larrybhasbabcomparativebadvantageboverbhisbclassmatesbinbwritingbtermbpapersbifbhe:
A. canbwritebtermbpapersbfasterbthanbhisbclassmates.
B. hasbanbabsolutebadvantagebinbwritingbtermbpapers.
C. alwaysbearnsbanbAbonbhisbtermbpapers.
D. hasbablowerbopportunitybcostbofbwritingbtermbpapersbthanbhisbclassmates.
7. Ifbabnationbhasbtheblowestbopportunitybcostbofbproducingbabgood,bthatbnationbhasba(n)b inbthebproductionbofbthatbgood.
A. comparativeb advantage
B. absolutebadvantage
C. comparativebadvantagebandbanbabsolutebadvantage
D. absolutebadvantagebandbpossiblybabcomparativebadvantage.
8. Whichbofbthebfollowingbstatementsbisbtrue?
A. Absoluteb advantageb impliesb comparativeb advantage.
B. Comparativeb advantageb doesb notb requireb absoluteb advantage.
C. Absoluteb advantageb requiresb comparativeb advantage.
D. Comparativeb advantageb requiresb absoluteb advantage.
9. IfbJanebcanbproduceb3bpairsbofbshoesbperbhour,bwhilebBobbcanbproduceb2,bthenb hasba(n)b advantagebinbproducingbshoes.
A. Jane;babsolute
B. Jane;bcomparative
C. Bob;b absolute
D. Bob;b comparative
10. Referbtobthebtablebbelow.bAccordingbtobthebtable,bMarthabhasbthebabsolutebadvantagebin:
A. pies.
B. neitherbpiesbnorbcakes.
C. cakes.
D. bothbpiesbandbcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
11. Referbtobthebtablebbelow.bAccordingbtobthebtable,bJuliabhasbthebabsolutebadvantagebin:
A. pies.
B. neitherbpiesbnorbcakes.
C. cakes.
D. bothbpiesbandbcakes.
12. Referbtobthebtablebbelow.bMartha'sbopportunitybcostbofbmakingbofbabpiebis:
A. 3/4bofbabcake.
B. 4/3bofbabcake.
C. 8bcakes.
D. 80bcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
b b b b b b b b b b
13. Referbtobthebtablebbelow.bMartha'sbopportunitybcostbofbmakingbabcakebis:
A. 3/4bofbabpie.
B. 4/3bofbabpie.
C. 6bpies.
D. 60bpies.
14. Referbtobthebtablebbelow.bJulia'sbopportunitybcostbofbmakingbabpiebis:
A. 60bcakes
B. 6bcakes
C. 6/5bofbabcake
D. 5/6bofbabcake
mynursytest.store
