DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
Chapter 02 Test Bank
m m m
Student: m
1. Anmindividual mhasmanmabsolute madvantage minmproducing mpizzasmif mthatmindividual:
A. hasmamlowermopportunitymcostmof mproducing mpizzasmthan manyone melse.
B. canmproduce mmore mpizzasminmamgiven mamountmof mtimemthan manyone melse.
C. hasmamhighermopportunitymcostmof mproducing mpizzasmthan manyone melse.
D. chargesmthe mlowestmprice mformpizzas.
2. If mAl mhasman mabsolute madvantage movermBeth minmpreparing mmeals,mthen:
A. itmtakesmAlmmoremtime mtomprepare mammeal mthan mBeth.
B. themproblem mof mscarcitymappliesmtomBeth mbutmnotmtomAl.
C. Al'smopportunitymcostmof mpreparing mammeal mismlowermthan mismBeth's.
D. Almcan mprepare mmore mmealsminmamgiven mtime mperiod mthan mBeth.
3. If mLesmcan mproduce mtwo mpairsmof mpantsmpermhourmwhilemEva mcanmproduce monempairmpermhour,mthen mitmmustmbemtruemthat:
A. Lesmhasmamcomparative madvantage minmproducing mpants.
B. Lesmhasman mabsolute madvantage minmproducing mpants.
C. Evamhasma mcomparative madvantage minmproducing mpants.
D. Lesmhasmboth mcomparative mand mabsolute madvantage minmproducing mpants.
4. If ma mnation mcanmproduce mammore mcomputersmpermyearmthanmanymothermnation,mthatmnation mhasma(n)m advantage minmthe mproduction mof mcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. If myou mhave mamcomparative madvantage minmamparticularmtask,mthen:
A. youmarembettermatmitmthan mothermpeople.
B. youmgivemup mmore mtomaccomplish mthatmtaskmthan mdomothers.
C. youmgivemup mlessmtomaccomplish mthatmtaskmthan mdomothers.
D. youmhavemspecialized minmthatmtask,mwhilemothersmha ve mnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
6. Larrymhasmamcomparative madvantage movermhismclassmatesminmwriting mterm mpapersmif mhe:
A. canmwritemterm mpapersmfastermthan mhismclassmates.
B. hasmanmabsolute madvantage minmwriting mterm mpapers.
C. alwaysmearnsmanmAmonmhismterm mpapers.
D. hasmamlowermopportunitymcostmof mwriting mterm mpapersmthan mhismclassmates.
7. If ma mnation mhasmthemlowestmopportunitymcostmof mproducing mamgood,mthatmnation mhasma(n)m in mthemproduction mof mthatmgood.
A. comparative m advantage
B. absolute madvantage
C. comparative madvantage mandman mabsolute madvantage
D. absolute madvantage mandmpossiblymamcomparative madvantage.
8. Which mof mthemfollowing mstatementsmismtrue?
A. Absolute m advantage m impliesm comparative m advantage.
B. Comparative m advantage m doesm notm require m absolute m advantage.
C. Absolute m advantage m requiresm comparative m advantage.
D. Comparative m advantage m requiresm absolute m advantage.
9. If mJane mcan mproduce m3mpairsmof mshoesmpermhour,mwhilemBobmcanmproduce m2,mthen m hasma(n)m advantage minmproducing mshoes.
A. Jane;mabsolute
B. Jane;mcomparative
C. Bob;mabsolu te
D. Bob;mcompa ra tive
10. Refermtomthe mtable mbelow.mAccording mtomthe mtable, mMartha mha smthemabsolute madvantage min:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. both mpiesmandmcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
11. Refermtomthe mtable mbelow.mAccording mtomthe mtable, mJulia mhas mthe mab solute mad vantage min:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. both mpiesmandmcakes.
12. Refermtomthe mtable mbelow.mMartha'smopportunitymcostmof mmaking mof mampiemis:
A. 3/4mof mamcake.
B. 4/3mof mamcake.
C. 8mcakes.
D. 80mcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
13. Refermtomthe mtable mbelow.mMartha'smopportunitymco stmof mmaking mamcake mis:
A. 3/4mof mampie.
B. 4/3mof mampie.
C. 6mpies.
D. 60mpies.
14. Refermtomthe mtable mbelow.mJulia'smopportunitymcostmof mmaking mampiemis:
A. 60mcakes
B. 6mcakes
C. 6/5mof mamcake
D. 5/6mof mamcake
mynursytest.store
m m m m m m m m m m
Chapter 02 Test Bank
m m m
Student: m
1. Anmindividual mhasmanmabsolute madvantage minmproducing mpizzasmif mthatmindividual:
A. hasmamlowermopportunitymcostmof mproducing mpizzasmthan manyone melse.
B. canmproduce mmore mpizzasminmamgiven mamountmof mtimemthan manyone melse.
C. hasmamhighermopportunitymcostmof mproducing mpizzasmthan manyone melse.
D. chargesmthe mlowestmprice mformpizzas.
2. If mAl mhasman mabsolute madvantage movermBeth minmpreparing mmeals,mthen:
A. itmtakesmAlmmoremtime mtomprepare mammeal mthan mBeth.
B. themproblem mof mscarcitymappliesmtomBeth mbutmnotmtomAl.
C. Al'smopportunitymcostmof mpreparing mammeal mismlowermthan mismBeth's.
D. Almcan mprepare mmore mmealsminmamgiven mtime mperiod mthan mBeth.
3. If mLesmcan mproduce mtwo mpairsmof mpantsmpermhourmwhilemEva mcanmproduce monempairmpermhour,mthen mitmmustmbemtruemthat:
A. Lesmhasmamcomparative madvantage minmproducing mpants.
B. Lesmhasman mabsolute madvantage minmproducing mpants.
C. Evamhasma mcomparative madvantage minmproducing mpants.
D. Lesmhasmboth mcomparative mand mabsolute madvantage minmproducing mpants.
4. If ma mnation mcanmproduce mammore mcomputersmpermyearmthanmanymothermnation,mthatmnation mhasma(n)m advantage minmthe mproduction mof mcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. If myou mhave mamcomparative madvantage minmamparticularmtask,mthen:
A. youmarembettermatmitmthan mothermpeople.
B. youmgivemup mmore mtomaccomplish mthatmtaskmthan mdomothers.
C. youmgivemup mlessmtomaccomplish mthatmtaskmthan mdomothers.
D. youmhavemspecialized minmthatmtask,mwhilemothersmha ve mnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
6. Larrymhasmamcomparative madvantage movermhismclassmatesminmwriting mterm mpapersmif mhe:
A. canmwritemterm mpapersmfastermthan mhismclassmates.
B. hasmanmabsolute madvantage minmwriting mterm mpapers.
C. alwaysmearnsmanmAmonmhismterm mpapers.
D. hasmamlowermopportunitymcostmof mwriting mterm mpapersmthan mhismclassmates.
7. If ma mnation mhasmthemlowestmopportunitymcostmof mproducing mamgood,mthatmnation mhasma(n)m in mthemproduction mof mthatmgood.
A. comparative m advantage
B. absolute madvantage
C. comparative madvantage mandman mabsolute madvantage
D. absolute madvantage mandmpossiblymamcomparative madvantage.
8. Which mof mthemfollowing mstatementsmismtrue?
A. Absolute m advantage m impliesm comparative m advantage.
B. Comparative m advantage m doesm notm require m absolute m advantage.
C. Absolute m advantage m requiresm comparative m advantage.
D. Comparative m advantage m requiresm absolute m advantage.
9. If mJane mcan mproduce m3mpairsmof mshoesmpermhour,mwhilemBobmcanmproduce m2,mthen m hasma(n)m advantage minmproducing mshoes.
A. Jane;mabsolute
B. Jane;mcomparative
C. Bob;mabsolu te
D. Bob;mcompa ra tive
10. Refermtomthe mtable mbelow.mAccording mtomthe mtable, mMartha mha smthemabsolute madvantage min:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. both mpiesmandmcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
11. Refermtomthe mtable mbelow.mAccording mtomthe mtable, mJulia mhas mthe mab solute mad vantage min:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. both mpiesmandmcakes.
12. Refermtomthe mtable mbelow.mMartha'smopportunitymcostmof mmaking mof mampiemis:
A. 3/4mof mamcake.
B. 4/3mof mamcake.
C. 8mcakes.
D. 80mcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
13. Refermtomthe mtable mbelow.mMartha'smopportunitymco stmof mmaking mamcake mis:
A. 3/4mof mampie.
B. 4/3mof mampie.
C. 6mpies.
D. 60mpies.
14. Refermtomthe mtable mbelow.mJulia'smopportunitymcostmof mmaking mampiemis:
A. 60mcakes
B. 6mcakes
C. 6/5mof mamcake
D. 5/6mof mamcake
mynursytest.store
