test bank Parents and families of students with special needs collaborating across the age span 1st edition mcginley test bank

DOWNLOAD THE Test Bank for Principles of Economics 7th Edition Frank
m m m m m m m m m m




PrinciplesmofmEconomics,m7em(Frank)m
Chapterm2
ComparativemAdvantag
e

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,mt
henmitmmustmbemtruemthat:
A) Lesmhasmamcomparativemadvantageminmproducingmpants.
B) Lesmhasmanmabsolutemadvantageminmproducingmpants.
C) Evamhasmamcomparativemadvantageminmproducingmpants.
D) Lesmhasmbothmcomparativemandmabsolutemadvantageminmproducingmpants.

4) Ifmamnationmcanmproducemammoremcomputersmpermyearmthanmanymothermnation,mthatmnationmhasma(n)
m advantageminmthemproductionmofmcomputers.
A) comparative
B) absolute
C) relative
D) natural

5) Ifm youmhavemamcomparativemadvantageminmamparticularmtask,mthen:
A) youmcompletemitmfastermthanmothermpeople.
B) youmgivemupmmoremtomaccomplishmthatmtaskmthanmdomothers.
C) youmgivemupmlessmtomaccomplishmthatmtaskmthanmdomothers.
D) youmhavemspecializedminmthatmtask,mwhilemothersmhavemnot.

6) Larrymhasmamcomparativemadvantagemovermhismclassmatesminmwritingmtermmpapersmifmhe:
A) canmwritemtermmpapersmfastermthanmhismclassmates.
B) hasmanmabsolutemadvantageminmwritingmtermmpapers.
C) alwaysmearnsmanmAmonmhismtermmpapers.
D) hasmamlowermopportunitymcostmofmwritingmtermmpapersmthanmhismclassmates.




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HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMc
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,DOWNLOAD THE Test Bank for Principles of Economics 7th Edition Frank
m m m m m m m m m m




7) Ifmamnationmhasmthemlowestmopportunitymcostmofmproducingmamgood,mthatmnationmhasma(n)mm
minmthemproductionmofmthatm good.

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) Accordingmtomthemaccompanyingmtable,mMarthamhasmthemabsolutemadvantageminmmaking:


TimemtomMakemamPi TimemtomMakemamCak
e e
Martha 60mminutes 80mminutes
Julia 50mminutes 60mminutes


A) pies.
B) neithermpiesmnormcakes.
C) cakes.
D) bothmpiesmandmcakes.

11) Accordingmtomthemaccompanyingmtable,mJuliamhasmthemabsolutemadvantageminmmaking:


TimemtomMakemamPi TimemtomMakemamCak
e e
Martha 60mminutes 80mminutes
Julia 50mminutes 60mminutes


A) pies.
B) neithermpiesmnormcakes.
2
Copyrightm2019m©mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMc
Graw-HillmEducation.
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,DOWNLOAD THE Test Bank for Principles of Economics 7th Edition Frank
m m m m m m m m m m


C) cakes.
D) bothmpiesmandmcakes.




3
Copyrightm2019m©mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMc
Graw-HillmEducation.
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, DOWNLOAD THE Test Bank for Principles of Economics 7th Edition Frank
m m m m m m m m m m




12) Refermtomthemaccompanyingmtable.mMartha'smopportunitymcostmofmmakingmofmampiemis:


TimemtomMakemamPi TimemtomMakemamCak
e e
Martha 60mminutes 80mminutes
Julia 50mminutes 60mminutes


A) 3/4mofmamcake.
B) 4/3mofmamcake.
C) 8mcakes.
D) 80mcakes.

13) Refermtomthemaccompanyingmtable.mMartha'smopportunitymcostmofmmakingmamcakemis:


TimemtomMakemamPi TimemtomMakemamCak
e e
Martha 60mminutes 80mminutes
Julia 50mminutes 60mminutes


A) 3/4mofmampie.
B) 4/3mofmampie.
C) 6mpies.
D) 60mpies.

14) Refermtomthemaccompanyingmtable.mJulia'smopportunitymcostmofmmakingmampiemis:


TimemtomMakemamPi TimemtomMakemamCak
e e
Martha 60mminutes 80mminutes
Julia 50mminutes 60mminutes


A) 60mcakes.
B) 6mcakes.
C) 6/5mofmamcake.
D) 5/6mofmamcake.




4
Copyrightm2019m©mMcGraw-
HillmEducation.mAllmrightsmreserved.mNomreproductionmormdistributionmwithoutmthempriormwrittenmconsentmofmMc
Graw-HillmEducation.
mynursytest.store