by BlastRoom
Analyze output and opportunity costs to explain specialization and trade.
#us_hs_economics

25 questions
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The table shows daily output per worker for Alba and Brin. In which good does Alba have an absolute advantage over Brin?

Arden can produce 5 cars or 20 bicycles per worker each month; Bell can produce 8 cars or 12 bicycles. Which nation has an absolute advantage in cars?
The table gives weekly output per worker for North and South. How are the absolute advantages divided?

Alder produces 4 software licenses or 10 devices per worker per day. Birch produces 6 software licenses or 8 devices. Who has an absolute advantage in software licenses?
The table compares daily output per worker for Harbor and Coast. Which statement correctly identifies the absolute advantages?

Use the table of output per worker per day for Luma and Noro. What is Luma's opportunity cost of producing one unit of cloth?

A worker in Ressa can produce 8 bicycles or 24 helmets in a week. What is the opportunity cost of one bicycle in Ressa?
Use the weekly output-per-worker table for Sola and Vera. What is Sola's opportunity cost of producing one unit of tea?

Doran can produce 5 computers or 20 desks per worker each month. What is Doran's opportunity cost of producing one desk?
The table lists output per worker per day for Pera and Quin. What is Pera's opportunity cost of producing one fish?

A worker in Torin can produce 16 jackets or 4 pairs of boots per day. What is Torin's opportunity cost of one jacket?
The table shows weekly output per worker for Kenya and Mali. If each country specializes according to comparative advantage, what should each produce?

Argo produces 9 crates of citrus or 3 pieces of furniture per worker. Bex produces 6 crates of citrus or 6 pieces of furniture. Which good should Argo specialize in?
Use the daily output-per-worker table for Nora and Sol. Which country has the comparative advantage in machines?

Caldor can make 8 tools or 4 crates of fruit per worker each day. Daria can make 3 tools or 6 crates of fruit. What specialization follows comparative advantage?
The table gives weekly output per worker for Wex and Yara. Which country should specialize in oil under comparative advantage?

Polar can produce 14 loads of timber or 7 panels of glass per worker. Riva can produce 6 loads of timber or 6 panels of glass. Which trade pattern uses comparative advantage?
The table shows output per worker for Aster and Borin. Each has 10 workers, 5 per good at first. After full specialization by comparative advantage, what is total wheat output?

Luma produces 8 bags of coffee or 4 crates of tea per worker per day; Noro produces 3 bags of coffee or 6 crates of tea. Each has 20 workers. After full specialization, how many bags of coffee are produced?
Island A produces 15 fish or 5 loads of lumber per worker per day, while Island B produces 6 fish or 6 loads of lumber. Each has 30 workers. After specialization, what is total fish output?
Terra produces 12 bushels of corn or 3 units of steel per worker per day; Maris produces 4 bushels of corn or 4 units of steel. Each has 50 workers. After specialization, what is total corn output?
Which economist is credited with developing the idea of comparative advantage?
What determines a country's comparative advantage in producing a good?
Why can specialization based on comparative advantage increase the countries' combined output?
Two nations agree to exchange coffee for textiles at a rate between their opportunity costs. What is that agreed exchange rate called?
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Trade Agreements and Global Organizations
20 questions