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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.
2
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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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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.
2
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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.
3
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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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