If she worked all day with. 17. How did sources of comparative change over time and how did that likely influence the plans for Westland’s production? Based on this, information, ________ has the comparative advantage in making brownies and ________ has the comparative, In a single growing season, the country of Pastoral can raise 100 tons of beef or produce 1,000 boxes of, tulips. Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production . Comparative Advantage. Without trade, Jackson produces and consumes 30, units of cattle and 80 units of wheat, while Tahoe produces and consumes 80 units of cattle and 60 units of, wheat. Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, ... and this figure shows each nation's production possibility frontier for the two goods. Choose one answer. c. 4 units of oranges. Westland has a comparative advantage in producing: A. oranges only. C) Japan has a comparative advantage in the production of both goods. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. .Chile has recently proposed amendments to its Food Health Regulations. has a comparative advantage in producing: A) oranges only. In one day, Mark can make 40 brownies or 20 cookies and Julie can make 15 brownies or 15 cookies. ____ 37. A) 1. 17. B) peaches only. B) peaches only. Use the “ Comparative Advantage ” Figure 4-2. If a country has the comparative advantage in producing wooden furniture, then with . C 4 units of oranges. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Figure 4-2: Comparative Advantage. 17. ... Tom Westland is a graduate student at the Institut de hautes études internationales et du développement, Geneva, and at Boğaziçi Üniversitesi, Istanbul. Westland . Eastland Westland Oranges Oranges 0 20 40 60 80 100120 140160180 200 Peaches 20 40 60 80 100120 140160180200 Peaches (Figure: Comparative Advantage) Use Figure: Comparative Advantage. B) can produce less of all goods than another economy. View desktop site, Production possibiltiy frontier (PPC) gives the various combinations of two goods that a country can produce given its resources and technology. Figure: Comparative Advantage Eastland has a comparative advantage in producing: A oranges only. Terms D) the United States has a comparative advantage in the production of automobiles. Which of the following is true? Comparative advantage economics is a concept that attempts to model ideal trade decisions, in terms of goods produced, between countries. c. Westland has a comparative advantage in producing: Answer oranges only. C) both oranges and peaches. Eastland and Westland produce only two goods, peaches and oranges, and this figure shows each nation’s production possibilities frontier for the two goods. B)peaches only. Examine the figure Comparative Advantage. 1. C both oranges and peaches. 49. (Figure 4-2: Comparative Advantage) The opportunity cost of producing 1 unit of oranges for Eastland is: a. Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production . 33. . E. a combination of oranges and peaches. © 2003-2021 Chegg Inc. All rights reserved. Mark and Julie are going to sell brownies and cookies for their third annual bake sale fund- raiser. both oranges and peaches. B) the United States has an absolute advantage in the production of steel. Use the following to answer questions 48-50: Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods. Look at the figure Comparative Advantage. D neither oranges or peaches. Eastland and Westland produce only two goods, peaches and oranges, and this figure shows each nation's production possibility curve for the two goods. Comparative Advantage Multiple Choice Practice Mr. Bordelon AP Economics Table 1. put your name and student number at Both Oranges And Peaches. Eastland has a comparative advantage in producing: Oranges only. B ¼ unit of oranges. (Figure 4-2: Comparative Advantage) The opportunity cost of producing 1 unit of oranges for Westland is: 4 units of peaches. producing: A) oranges only. Eastland has an absolute advantage in producing: A combination of oranges and peaches. D neither oranges or peaches. Countries with sophisticated, liquid financial markets will likely have a comparative advantage in producing and exporting goods for which access to credit is more important. Eastland has a comparative advantage in producing: oranges only. ____ 20. D) neither oranges nor peaches. e. a combination of oranges and peaches. d. neither oranges nor peaches. 19. Eastland and Westland produce only two goods, peaches and oranges, and this figure shows each nation’s production possibility curve for the two goods. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Eastland D. neither oranges nor peaches. Which of the following statements is true? Use the “Comparative Advantage” Figure 4-2.The opportunity cost of producing 1 unit of peaches for Westland is: a. C) both oranges and peaches. B) peaches only. Westland has a comparative advantage in producing: A) oranges only. Westland has an absolute advantage in producing: A)oranges only. Westland has a comparative advantage in producing: Dr. Colgate is a dentist who employs an assistant, Ms. Crest. 37. both oranges and peaches. B) peaches only. The new regulations would require “STOP” sign labels on junk food to alert the consumer to stop and think before consuming the unhealthy food. Examine the figure Comparative Advantage. If Farmer Sam MacDonald can produce 200 pounds of cabbages and 0 pounds of potatoes or 0 pounds of cabbages and 100 pounds of potatoes and faces a linear production possibility frontier for his farm, the opportunity cost of producing an additional pound of potatoes is _____ pound(s) of cabbage. C) both oranges and peaches. If Jackson exports 120 units of wheat to Tahoe, Tahoe will export ________. If Eastland can produce 100 oranges or 100 peaches and Westland can produce 50 oranges or 200 peaches, Eastland has an absolute advantage in producing 1/2 b. B peaches only. | Westland has a comparative advantage in producing: -neither oranges nor peaches. The opportunity cost of producing 1 box of . 37 Use the Comparative Advantage Figure 4 2 Westland has a comparative, 18 out of 18 people found this document helpful. (Figure 4-2: Comparative Advantage) Eastland has an absolute advantage in producing: oranges only. Westland has a comparative advantage in producing: A) oranges only. possibility frontier for the two goods. Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods. Figure: Comparative Advantage Eastland has a comparative advantage in producing: A oranges only. Westland has a comparative advantage in producing: a. neither oranges nor peaches. Peaches Neither Oranges Nor Peaches. Eastland has an absolute advantage in producing: A) oranges only. The opportunity cost of producing 1 box of peaches for Westland is _____ box(es) of oranges. B. peaches only. B) has the comparative advantage in cooking. Westland has an absolute advantage in . free trade: A) the country will import wooden furniture. neither oranges nor peaches. Examine the figure Comparative Advantage. a. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Washington State University • ECONOMICS 101. C) has the largest production possibility frontier in cooking. peaches only. 1 unit of oranges. D) neither oranges nor peaches. The opportunity cost of producing 1 box of oranges for Westland is: A) 1 box of peaches. We can use it to find the opportunity cost (OC) of pr. ____ 38. comparative advantage. b. C) dollar prices of labor. increasing opportunity cost. absolute advantage. 161. Assume each nation specializes completely, based on comparative advantage and the price of 1 unit of, cattle equals 2 units of wheat. Assume econ 1010 exam number midterm: february 2018 dr. compton instructions: do not turn this page over until instructed to do so. b. peaches only. - c. oranges only. Eastland Westland Oranges Oranges 10 0 0 20 40 60 80 100120 140160180 200 Peaches 20 40 60 80 100120140160180 200 Peaches 48. Westland has a comparative advantage in producing: Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods. C) 4 boxes of peaches. If Ms. Crest worked all day at the front desk, she could answer 60 phone calls. C. both oranges and peaches. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. ... An economy is said to have a comparative advantage in the production of one good if . d. both oranges and peaches. The concept of comparative advantage is based upon: A) absolute labor productivity. 49. patients, she could clean the teeth of 20 patients. Figure: Comparative Advantage Westland has an absolute advantage in producing: A oranges only. Eastland has a comparative advantage in producing: A) oranges only. A) has the absolute advantage in cooking. Figure: Comparative Advantage Westland has an absolute advantage in producing: A oranges only. The circular-flow diagram illustrates how households _____ goods and services and _____ factors of production. D) neither oranges nor peaches. Look at the figure Comparative Advantage. Examine the figure Comparative Advantage. peaches for Westland is _____ box(es) of oranges. buy; sell. 50. C)both oranges and peaches. D) 10 boxes of peaches. Westland has a comparative advantage in producing: Figure: Comparative Advantage Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods. 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ prg sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru dqvzhuv wkh txhvwlrq C both oranges and peaches. The opportunity cost of producing 1 box of oranges for Westland is: neither oranges nor peaches. Privacy Course Hero is not sponsored or endorsed by any college or university. 162. 1/4 unit of oranges. An economy that has the lowest opportunity cost for producing a particular good is said to have a(n) technological advantage. D 10 units of oranges 16. Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods. she could answer 40 phone calls. a. peaches only. & Westland has a comparative advantage in producing: Peaches only. B peaches only. 17. D) can complete the cooking in the least amount of time. (Figure 4-2: Comparative Advantage) Westland has an absolute advantage in producing: a. oranges only. C 4 units of oranges. D 10 units of oranges 16. Eastland has a comparative advantage in producing: b.peaches only. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. D)neither oranges or peaches. D) neither oranges nor peaches. A) 1 B) 0.25 C) 4 D) 10 A 40. C) both oranges and peaches. b. a combination of oranges and peaches. Question: Refer To The Figure Below: Eastland Westland Oranges Oranges 100 90 80 70 60 50 40 30 20 10 100 90 80 70 60 50 40 30 20 10 0 20 40 60 80 100120 140180180 200 Peaches 0 20 40 60 80 100 120 140160 180 200 Peaches Westland Has A Comparative Advantage In Producing: Oranges. name: date: according to the model, brazil will have comparative advantage in oranges if the factors that are in the production of oranges are imported abundant Westland has a comparative advantage in producing: 35. Figure 4-2: Comparative Advantage) Eastland has a comparative advantage in producing: a. oranges only. (Table: Costs of Birthday Cakes) Look at the table Costs of Birthday Cakes. tulips. If she worked all day with patients, she could clean the teeth of 40 patients. If Dr. Colgate worked all day at the front desk. C) both oranges and peaches. 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The cooking in the production of one good if labor productivity: units! Amount of time comparative advantage Multiple Choice Practice Mr. Bordelon AP Economics Table 1 beef or produce 750 of!