O A. (B) Robin has both an absolute advantage and a comparative advantage in making pizzas. Comparative advantage in sleds. following statements is true? a. Which of the following statements is true? Comparative advantage in clarinets. Which of the following statements is true about comparative advantage? C. Greece has an absolute advantage in wine and olive oil production. (A) Robin has an absolute advantage in making smoothies and a comparative advantage in making pizzas. answer choices . A. France has a comparative advantage in olive oil production. Multiple Choice Comparative advantage and absolute advantage are identical terms. D. Greece has a comparative advantage in wine production. (D) Dana has a comparative advantage in making If Country Y is producing at point C, it is using all its resources efficiently. Which of the following statements is true? Then Brazil has a a. Question: Using The Numbers In The Table, Determine Which Country Has A Comparative Advantage In Producing Each Product. Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table at the right. b. 11th - 12th grade. Preview this quiz on Quizizz. Comparative Advantage DRAFT. C) Some very talented people have a very low opportunity cost in everything they do. A Nation Will Have A Comparative Advantage If It Can Produce A Product At A Lower Opportunity Cost Than Another Nation B. Free Trade Allows Nations To Gain From Specialization C. Both A & B D. None Of The Above Which of the following statements is true? Which of the following statements is true? C. A country cannot have comparative advantage in producing a certain item if it incurs an increasing opportunity cost in … Given the data in the chart above, which of the following statements is true? B)Comparative advantage is interesting theoretically, but it is not relevant when evaluating real-world economic conditions. The U.S. has a comparative advantage and an absolute advantage with nearly all … ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. o The country with the higher opportunity cost of producing a good has the comparative advantage in producing that good, O There are mutually beneficial gains from trade if opportunity costs differ. (C) Dana has a comparative advantage in making both smoothies and pizzas. A country can have a comparative advantage without having an absolute advantage. B) Some very untalented people have a comparative advantage in nothing they do. b. Question: Which Of The Following Statements Is True About Free Trade: A. d. The diagram shows the production possibilities curve for Country Y. Winter Term 2014 Comparative Advantage Study Questions (with Answers) Page 3 of 6 (8) 6. Which of the following statements is true? The opportunity cost of producing more machines is constant. c. Absolute advantage in sleds. The Opportunity Cost For Switzerland To Produce One Smartphone Is 0.75 Fitness Bracelet, B. Free trade theory suggests that when trade takes place any gain made one nation comes at the expense of another c. Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. B. B. Italy has an absolute advantage in wine and olive oil production. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. Which of the following statements is true? A. Output Per Hour Of Work Smartphones Fitness Bracelets 9 12 6 5 Switzerland Canada Which Of The Following Statements Is True? O A country that has the absolute advantage in producing a good also has the comparative advantage in producing that good. 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