(C) Dana has a comparative advantage in making both smoothies and pizzas. A. Question: Which Of The Following Statements Is True About Free Trade: A. B) Some very untalented people have a comparative advantage in nothing they do. Multiple Choice Comparative advantage and absolute advantage are identical terms. Then Brazil has a a. Comparative Advantage DRAFT. 123. Winter Term 2014 Comparative Advantage Study Questions (with Answers) Page 3 of 6 (8) 6. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. A country can have a comparative advantage without having an absolute advantage. Which of the following statements is true? Which of the following statements is true? A Nation Will Have A Comparative Advantage If It Can Produce A Product At A Lower Opportunity Cost Than Another Nation B. Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. (A) Robin has an absolute advantage in making smoothies and a comparative advantage in making pizzas. B. Italy has an absolute advantage in wine and olive oil production. Which of the following statements is true? If Country Y is producing at point C, it is using all its resources efficiently. O A country that has the absolute advantage in producing a good also has the comparative advantage in producing that good. A. France has a comparative advantage in olive oil production. c. Absolute advantage in sleds. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. C) Some very talented people have a very low opportunity cost in everything they do. 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. Output Per Hour Of Work Smartphones Fitness Bracelets 9 12 6 5 Switzerland Canada Which Of The Following Statements Is True? 11th - 12th grade. Question: Using The Numbers In The Table, Determine Which Country Has A Comparative Advantage In Producing Each Product. The Opportunity Cost For Switzerland To Produce One Smartphone Is 0.75 Fitness Bracelet, B. following statements is true? Comparative advantage in clarinets. Free Trade Allows Nations To Gain From Specialization C. Both A & B D. None Of The Above answer choices . C. A country cannot have comparative advantage in producing a certain item if it incurs an increasing opportunity cost in … Free trade theory suggests that when trade takes place any gain made one nation comes at the expense of another c. Preview this quiz on Quizizz. D) It is possible to have an absolute disadvantage in doing something but still have a comparative … a. (D) Dana has a comparative advantage in making B)Comparative advantage is interesting theoretically, but it is not relevant when evaluating real-world economic conditions. Which of the following statements is true about comparative advantage? Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table at the right. b. B. D. Greece has a comparative advantage in wine production. O A. The diagram shows the production possibilities curve for Country Y. d. Which of the following statements is true? b. C. Greece has an absolute advantage in wine and olive oil production. A)Comparative advantage exists whenever one person, firm, or nation can do something with greater opportunity costs than some other individual, firm, or nation. Given the data in the chart above, which of the following statements is true? The U.S. has a comparative advantage and an absolute advantage with nearly all … Which of the following statements is true? 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