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drewster127 drewster127
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5 years ago

Question 1.

According to the principle of comparative advantage, a nation should specialize in economic activities

• that incur higher opportunity costs.

• that incur lower opportunity costs.

• for which it has an absolute advantage.

• for which it has no absolute advantage.

Question 2.

If Kami can produce 40 portable power banks or 30 cellphones during a month's time, while Sally can produce 10 portable power banks or 20 cellphones, then it is correct to state that

• Sally has a comparative advantage in producing both portable power banks and cellphones.

• Sally has an absolute advantage in portable power banks.

• Kami has a comparative advantage in producing portable power banks.

• Kami has a comparative advantage in producing both portable power banks and cellphones.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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AndreasnlnvldAndreasnlnvld
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drewster127 Author
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5 years ago
Thank you
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