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:mm
1. Anmindividualmhasmanmabsolutemadvantageminmproducingmpizzasmifmthatmindividual:
A. hasmamlowermopportunitymcostmofmproducingmpizzasmthanmanyonemelse.
B. canmproducemmorempizzasminmamgivenmamountmofmtimemthanmanyonemelse.
C. hasmamhighermopportunitymcostmofmproducingmpizzasmthanmanyonemelse.
D. chargesmthemlowestmpricemformpizzas.
2. IfmAlmhasmanmabsolutemadvantagemovermBethminmpreparingmmeals,mthen:
A. itmtakesmAlmmoremtimemtompreparemammealmthanmBeth.
B. themproblemmofmscarcitymappliesmtomBethmbutmnotmtomAl.
C. Al'smopportunitymcostmofmpreparingmammealmismlowermthanmismBeth's.
D. AlmcanmpreparemmoremmealsminmamgivenmtimemperiodmthanmBeth.
3. IfmLesmcanmproducemtwompairsmofmpantsmpermhourmwhilemEvamcanmproducemonempairmpermhour,mthenmitmmustmbemtruemthat:
A. Lesmhasmamcomparativemadvantageminmproducingmpants.
B. Lesmhasmanmabsolutemadvantageminmproducingmpants.
C. Evamhasmamcomparativemadvantageminmproducingmpants.
D. Lesmhasmbothmcomparativemandmabsolutemadvantageminmproducingmpants.
4. Ifmamnationmcanmproducemammoremcomputersmpermyearmthanmanymothermnation,mthatmnationmhasma(n) advantageminmthemproductionmofmcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. Ifmyoumhavemamcomparativemadvantageminmamparticularmtask,mthen:
A. youmarembettermatmitmthanmothermpeople.
B. youmgivemupmmoremtomaccomplishmthatmtaskmthanmdomothers.
C. youmgivemupmlessmtomaccomplishmthatmtaskmthanmdomothers.
D. youmhavemspecializedminmthatmtask,mwhilemothersmhavemnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
6. Larrymhasmamcomparativemadvantagemovermhismclassmatesminmwritingmtermmpapersmifmhe:
A. canmwritemtermmpapersmfastermthanmhismclassmates.
B. hasmanmabsolutemadvantageminmwritingmtermmpapers.
C. alwaysmearnsmanmAmonmhismtermmpapers.
D. hasmamlowermopportunitymcostmofmwritingmtermmpapersmthanmhismclassmates.
7. Ifmamnationmhasmthemlowestmopportunitymcostmofmproducingmamgood,mthatmnationmhasma(n) inmthemproductionmofmthatmgood.
A. comparativemadvantage
B. absolutemadvantage
C. comparativemadvantagemandmanmabsolutemadvantage
D. absolutemadvantagemandmpossiblymamcomparativemadvantage.
8. Whichmofmthemfollowingmstatementsmismtrue?
A. Absolutemadvantagemimpliesmcomparativemadvantage.
B. Comparativemadvantagemdoesmnotmrequiremabsolutemadvantage.
C. Absolutemadvantagemrequiresmcomparativemadvantage.
D. Comparativemadvantagemrequiresmabsolutemadvantage.
9. IfmJanemcanmproducem3mpairsmofmshoesmpermhour,mwhilemBobmcanmproducem2,mthen hasma(n) advantageminmproducingmshoes.
A. Jane;mabsolute
B. Jane;mcomparative
C. Bob;mabsolute
D. Bob;mcomparative
10. Refermtomthemtablembelow.mAccordingmtomthemtable,mMarthamhasmthemabsolutemadvantagemin:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. bothmpiesmandmcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
11. Refermtomthemtablembelow.mAccordingmtomthemtable,mJuliamhasmthemabsolutemadvantagemin:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. bothmpiesmandmcakes.
12. Refermtomthemtablembelow.mMartha'smopportunity mcostmofmmakingmofmampiemis:
A. 3/4mofmamcake.
B. 4/3mofmamcake.
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.mRefermtomthemtablembelow.mMartha'smopportunitymcostmofmmakingmamca
kemis:
A. 3/4mofmampie.
B. 4/3mofmampie.
C. 6mpies.
D. 60mpies.
14. Refermtomthemtablembelow.mJulia'smopportunitymcostmofmmakingmampiemis:
A. 60mcakes
B. 6mcakes
C. 6/5mofmamcake
D. 5/6mofmamcake
mynursytest.store
m m m m m m m m m m
Chapter 02 Test Bank
m m m
Student:mm
1. Anmindividualmhasmanmabsolutemadvantageminmproducingmpizzasmifmthatmindividual:
A. hasmamlowermopportunitymcostmofmproducingmpizzasmthanmanyonemelse.
B. canmproducemmorempizzasminmamgivenmamountmofmtimemthanmanyonemelse.
C. hasmamhighermopportunitymcostmofmproducingmpizzasmthanmanyonemelse.
D. chargesmthemlowestmpricemformpizzas.
2. IfmAlmhasmanmabsolutemadvantagemovermBethminmpreparingmmeals,mthen:
A. itmtakesmAlmmoremtimemtompreparemammealmthanmBeth.
B. themproblemmofmscarcitymappliesmtomBethmbutmnotmtomAl.
C. Al'smopportunitymcostmofmpreparingmammealmismlowermthanmismBeth's.
D. AlmcanmpreparemmoremmealsminmamgivenmtimemperiodmthanmBeth.
3. IfmLesmcanmproducemtwompairsmofmpantsmpermhourmwhilemEvamcanmproducemonempairmpermhour,mthenmitmmustmbemtruemthat:
A. Lesmhasmamcomparativemadvantageminmproducingmpants.
B. Lesmhasmanmabsolutemadvantageminmproducingmpants.
C. Evamhasmamcomparativemadvantageminmproducingmpants.
D. Lesmhasmbothmcomparativemandmabsolutemadvantageminmproducingmpants.
4. Ifmamnationmcanmproducemammoremcomputersmpermyearmthanmanymothermnation,mthatmnationmhasma(n) advantageminmthemproductionmofmcomputers.
A. comparative
B. absolute
C. relative
D. natural
5. Ifmyoumhavemamcomparativemadvantageminmamparticularmtask,mthen:
A. youmarembettermatmitmthanmothermpeople.
B. youmgivemupmmoremtomaccomplishmthatmtaskmthanmdomothers.
C. youmgivemupmlessmtomaccomplishmthatmtaskmthanmdomothers.
D. youmhavemspecializedminmthatmtask,mwhilemothersmhavemnot.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
6. Larrymhasmamcomparativemadvantagemovermhismclassmatesminmwritingmtermmpapersmifmhe:
A. canmwritemtermmpapersmfastermthanmhismclassmates.
B. hasmanmabsolutemadvantageminmwritingmtermmpapers.
C. alwaysmearnsmanmAmonmhismtermmpapers.
D. hasmamlowermopportunitymcostmofmwritingmtermmpapersmthanmhismclassmates.
7. Ifmamnationmhasmthemlowestmopportunitymcostmofmproducingmamgood,mthatmnationmhasma(n) inmthemproductionmofmthatmgood.
A. comparativemadvantage
B. absolutemadvantage
C. comparativemadvantagemandmanmabsolutemadvantage
D. absolutemadvantagemandmpossiblymamcomparativemadvantage.
8. Whichmofmthemfollowingmstatementsmismtrue?
A. Absolutemadvantagemimpliesmcomparativemadvantage.
B. Comparativemadvantagemdoesmnotmrequiremabsolutemadvantage.
C. Absolutemadvantagemrequiresmcomparativemadvantage.
D. Comparativemadvantagemrequiresmabsolutemadvantage.
9. IfmJanemcanmproducem3mpairsmofmshoesmpermhour,mwhilemBobmcanmproducem2,mthen hasma(n) advantageminmproducingmshoes.
A. Jane;mabsolute
B. Jane;mcomparative
C. Bob;mabsolute
D. Bob;mcomparative
10. Refermtomthemtablembelow.mAccordingmtomthemtable,mMarthamhasmthemabsolutemadvantagemin:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. bothmpiesmandmcakes.
mynursytest.store
, DOWNLOAD THE Test Bank for Principles of Microeconomics 6th Edition Frank
m m m m m m m m m m
11. Refermtomthemtablembelow.mAccordingmtomthemtable,mJuliamhasmthemabsolutemadvantagemin:
A. pies.
B. neithermpiesmnormcakes.
C. cakes.
D. bothmpiesmandmcakes.
12. Refermtomthemtablembelow.mMartha'smopportunity mcostmofmmakingmofmampiemis:
A. 3/4mofmamcake.
B. 4/3mofmamcake.
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.mRefermtomthemtablembelow.mMartha'smopportunitymcostmofmmakingmamca
kemis:
A. 3/4mofmampie.
B. 4/3mofmampie.
C. 6mpies.
D. 60mpies.
14. Refermtomthemtablembelow.mJulia'smopportunitymcostmofmmakingmampiemis:
A. 60mcakes
B. 6mcakes
C. 6/5mofmamcake
D. 5/6mofmamcake
mynursytest.store
