Test Bank For Organic Chemistry 12th Edition by T. W. Graham Solomons, Craig B. Fryhle, Scott A. Snyder

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PrinciplesgofgMacroeconomics,g7eg(Frank)
gChapterg2 ComparativegAdvantage

1) Angindividualghasgangabsolutegadvantagegingproducinggpizzasgifgthatgindividual:
A) hasgaglowergopportunitygcostgofgproducinggpizzasgthanganyonegelse.
B) cangproducegmoregpizzasgingaggivengamountgofgtimegthanganyonegelse.
C) hasgaghighergopportunitygcostgofgproducinggpizzasgthanganyonegelse.
D) chargesgtheglowestgpricegforgpizzas.

2) IfgAlghasgangabsolutegadvantagegovergBethgingpreparinggmeals,gthen:
A) itgtakesgAlgmoregtimegtogpreparegagmealgthangBeth.
B) thegproblemgofgscarcitygappliesgtogBethgbutgnotgtogAl.
C) Al'sgopportunitygcostgofgpreparinggagmealgisglowergthangisgBeth's.
D) AlgcangpreparegmoregmealsgingaggivengtimegperiodgthangBeth.

3) IfgLesgcangproducegtwogpairsgofgpantsgperghourgwhilegEvagcangproducegonegpairgperghour,gth
engitgmustgbegtruegthat:
A) Lesghasgagcomparativegadvantagegingproducinggpants.
B) Lesghasgangabsolutegadvantagegingproducinggpants.
C) Evaghasgagcomparativegadvantagegingproducinggpants.
D) Lesghasgbothgcomparativegandgabsolutegadvantagegingproducinggpants.

4) Ifgagnationgcangproducegagmoregcomputersgpergyeargthanganygothergnation,gthatgnationghasga(n)
advantagegingthegproductiongofgcomputers.
A) comparative
B) absolute
C) relative
D) natural

5) Ifgyoughavegagcomparativegadvantagegingagparticulargtask,gthen:
A) yougcompletegitgfastergthangothergpeople.
B) youggivegupgmoregtogaccomplishgthatgtaskgthangdogothers.
C) youggivegupglessgtogaccomplishgthatgtaskgthangdogothers.
D) youghavegspecializedgingthatgtask,gwhilegothersghavegnot.

6) Larryghasgagcomparativegadvantagegoverghisgclassmatesgingwritinggtermgpapersgifghe:
A) cangwritegtermgpapersgfastergthanghisgclassmates.
B) hasgangabsolutegadvantagegingwritinggtermgpapers.
C) alwaysgearnsgangAgonghisgtermgpapers.
D) hasgaglowergopportunitygcostgofgwritinggtermgpapersgthanghisgclassmates.




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7) Ifgagnationghasgtheglowestgopportunitygcostgofgproducinggaggood,gthatgnationghasga(n)g
gingthegproductiongofgthatggood.
A) comparativegadvantage
B) absolutegadvantage
C) comparativegadvantagegandgangabsolutegadvantage
D) absolutegadvantagegandgpossiblygagcomparativegadvantage

8) Whichgofgthegfollowinggstatementsgisgtrue?
A) Absolutegadvantagegimpliesgcomparativegadvantage.
B) Comparativegadvantagegdoesgnotgrequiregabsolutegadvantage.
C) Absolutegadvantagegrequiresgcomparativegadvantage.
D) Comparativegadvantagegrequiresgabsolutegadvantage.

9) IfgJanegcangproduceg3gpairsgofgshoesgperghour,gwhilegBobgcangproduceg2,gtheng
hasga(n)g advantagegingproducinggshoes.
A) Jane;gabsolute
B) Jane;gcomparative
C) Bob;gabsolute
D) Bob;gcomparative

10) Accordinggtogthegaccompanyinggtable,gMarthaghasgthegabsolutegadvantagegingmaking:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) pies.
B) neithergpiesgnorgcakes.
C) cakes.
D) bothgpiesgandgcakes.

11) Accordinggtogthegaccompanyinggtable,gJuliaghasgthegabsolutegadvantagegingmaking:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) pies.
B) neithergpiesgnorgcakes.
C) cakes.
D) bothgpiesgandgcakes.
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12) Refergtogthegaccompanyinggtable.gMartha'sgopportunitygcostgofgmakinggofgagpiegis:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) 3/4gofgagcake.
B) 4/3gofgagcake.
C) 8gcakes.
D) 80gcakes.

13) Refergtogthegaccompanyinggtable.gMartha'sgopportunitygcostgofgmakinggagcakegis:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) 3/4gofgagpie.
B) 4/3gofgagpie.
C) 6gpies.
D) 60gpies.

14) Refergtogthegaccompanyinggtable.gJulia'sgopportunitygcostgofgmakinggagpiegis:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) 60gcakes.
B) 6gcakes.
C) 6/5gofgagcake.
D) 5/6gofgagcake.




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15) Refergtogthegaccompanyinggtable.gJulia'sgopportunitygcostgofgmakinggagcakegis:


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) 60gcakes.
B) 6gcakes.
C) 6/5gofgagcake.
D) 5/6gofgagcake.

16) Refergtogthegaccompanyinggtable.g
hasgthegcomparativegadvantagegingmakinggpiesgandg
thegcomparativegadvantagegingmakinggcakes.


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) Martha;gMartha
B) Julia;gJulia
C) Martha;gJulia
D) Julia;gMartha

17) Refergtogthegaccompanyinggtable.gBasedgongtheirgcomparativegadvantage,gMarthagshoul
dgspecializegingmakingg whilegJuliagshouldgspecializegingmakingg .


TimegtogMakegagPie TimegtogMakegagCake
Martha 60gminutes 80gminutes
Julia 50gminutes 60gminutes


A) pies;gcakes
B) cakes;gpies
C) neithergpiesgnorgcakes;gbothgpiesgandgcakes
D) bothgpiesgandgcakes;gneithergpiesgnorgcakes




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