A: Only have absolute advantages in arable land
B: Only have a comparative advantage in arable land
C: Only have an absolute advantage in sowing
D: Only have a comparative advantage in sowing
举一反三
- In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is correct A: Brandon has a comparative advantage in both plowing and planting. B: Brandon has a comparative advantage only in plowing. C: Brandon has a comparative advantage only in planting. D: Christopher has a comparative advantage in both plowing and planting.
- Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then A: Tom must have an absolute advantage in the production of baseball bats. B: Jim must have an absolute advantage in the production of baseball bats. C: Tom has a comparative advantage in the production of baseball bats. D: Jim has a comparative advantage in the production of baseball bats.
- According to the absolute advantage, trade occurs only when each country has an/a______ advantage over the other in producing one commodity.
- When one producer has a lower opportunity cost of production than another producer for a given item, what exists? A: Absolute disadvantage B: Comparative disadvantage C: Comparative advantage D: Absolute advantage
- If a Chinese worker can produce1 ton of wheator3 tons of cornper week, while a Brizilian worker can produce2 tons ofwheator5 tons of cornper week: A: Brizil has absolute advantage in both goods. B: Brazil has comparative advantage in corn and China has comparative in wheat. C: Brazil has comparative advantage in wheat and China has comparative in corn. D: Chinahas absolute advantage in corn.
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Table 3.1 illustrates Willy and Blythe's hourly production for apples and carrots. From the table, we can conclude that: A: Willy has an absolute advantage in producing apples but not carrots. B: Willy has an absolute advantage in producing carrots but not apples. C: Willy has an absolute advantage in producing both goods. D: Willy does not have an absolute advantage in producing either good.
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2. _____________refined the theory of absolute advantage to one of comparative advantage.
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For two individuals who engage in the same two productive activities, it is impossible for one of the two individuals to ( ) 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.
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Adam Smith is well known for ___________ A: Specification B: absolute advantage theory C: comparative advantage theory D: perfect competition
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2. Strength is always the determinant of winning or losing. Only with strong strength and absolute advantage can you always win. （）