A. Korea should specialize in the product in which it has an absolute advantage. B. it would be impossible for Korea to have an absolute advantage over another country in both products. C. it would be difficult for Korea to benefit from trade with another country if Korea is efficient in the production of both goods. D. Korea’s opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
A. 1/5 chair for Mike and 1/3 chair for Sandy. B. 1/5 chair for Mike and 3 chairs for Sandy. C. 5 chairs for Mike and 1/3 chair for Sandy. D. 5 chairs for Mike and 3 chairs for Sandy.
A. Trade allows for specialization. B. Trade has the potential to benefit all nations. C. Trade allows nations to consume outside of their production possibilities curves. D. Absolute advantage is the driving force of specialization.
A. falls. B. stays the same. C. rises. D. may fall, rise, or stay the same.
A. have a comparative advantage in both activities. B. have an absolute advantage in both activities. C. be more productive per unit of time in both activities. D. gain from trade with each other.
A. Iowa has a comparative advantage in the production of corn. B. Iowa has an absolute advantage in the production of corn. C. Iowa should import corn from Oklahoma. D. Oklahoma should produce just enough corn to satisfy its own residents’ demands.
A. 限制进口促进出口。 B. 促进进口,限制出口。 C. 限制进口和出口。 D. 不限制贸易。
A. 美国应该生产比它需要的更多的猪肉,并将其中的一部分出口到墨西哥。 B. 美国应该生产适量的猪肉,并从墨西哥进口所需的其余部分。 C. 美国应该完全避免生产猪肉,并从墨西哥进口所有它需要的东西。 D. 墨西哥从进口美国猪肉中没有任何好处。
A. 限制带入一个国家的货物数量。 B. 一国拥有绝对优势的商品。 C. 在国外工作的人。 D. 国内生产商品,然后销售到国外。
A. 机会成本。 B. 对土地、劳动力和资本的支付。 C. 每单位产出的投入要求。 D. 位置和后勤情况。
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