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westland has a comparative advantage in producing:

C) both oranges and 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. B ¼ unit of oranges. 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. Examine the figure Comparative Advantage. The opportunity cost of producing 1 box of oranges for Westland is: D) neither oranges nor peaches. 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. Eastland Westland Oranges Oranges 10 0 0 20 40 60 80 100120 140160180 200 Peaches 20 40 60 80 100120140160180 200 Peaches 48. B) peaches only. B) relative labor costs. Westland has an absolute advantage in . (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Eastland has a comparative advantage in producing: Oranges only. The opportunity cost of producing 1 box of peaches for Westland is _____ box(es) of oranges. 50. The circular-flow diagram illustrates how households _____ goods and services and _____ factors of production. both oranges and peaches. a. Examine the figure Comparative Advantage. Westland . Washington State University • ECONOMICS 101. 17. A) has the absolute advantage in cooking. D) neither oranges nor peaches. Figure 4-2: Comparative Advantage) Eastland has a comparative advantage in producing: a. oranges only. D) the United States has a comparative advantage in the production of automobiles. 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. Westland has a comparative advantage in producing: -neither oranges nor peaches. Course Hero is not sponsored or endorsed by any college or university. C) both oranges and peaches. 37. 1/4 unit of oranges. 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 C. both oranges and peaches. C) has the largest production possibility frontier in cooking. ____ 20. both oranges and peaches. put your name and student number at 1. B ¼ unit of oranges. e. a combination of oranges and peaches. D 10 units of oranges 16. Examine the figure Comparative Advantage. increasing opportunity cost. 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. D) can complete the cooking in the least amount of time. Eastland has a comparative advantage in producing: 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 Eastland has an absolute advantage in producing: A) oranges only. C 4 units of oranges. ____ 38. econ 1010 exam number midterm: february 2018 dr. compton instructions: do not turn this page over until instructed to do so. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Examine the figure Comparative Advantage. Terms Eastland has an absolute advantage in producing: A combination of oranges and peaches. B. peaches only. a. Westland has a comparative advantage in producing: A) oranges only. (Table: Costs of Birthday Cakes) Look at the table Costs of Birthday Cakes. The opportunity cost of producing 1 box of oranges for Westland is: A) 1 box of peaches. Comparative Advantage Multiple Choice Practice Mr. Bordelon AP Economics Table 1. Westland has a comparative advantage in producing: Dr. Colgate is a dentist who employs an assistant, Ms. Crest. Westland has a comparative advantage in producing: Peaches only. b. peaches only. 17. B peaches only. Use the “ Comparative Advantage ” Figure 4-2. d. neither oranges nor peaches. & (Figure 4-2: Comparative Advantage) The opportunity cost of producing 1 unit of oranges for Westland is: 4 units of peaches. possibility frontier for the two goods. This preview shows page 8 - 10 out of 49 pages. Assume B) peaches only. 162. Comparative Advantage. peaches only. b. C 4 units of oranges. Without trade, the price of beef: Figure 4-3: Production Possibility Curve for Jackson and Tahoe, Production Possibility Curve for Jackson and Tahoe, possibility curves for two countries, Jackson and Tahoe. C both oranges and peaches. 35. C) both oranges and peaches. (Figure 4-2: Comparative Advantage) The opportunity cost of producing 1 unit of oranges for Eastland is: a. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. 161. A) 1 B) 0.25 C) 4 D) 10 A 40. D) neither oranges nor peaches. C)both oranges and peaches. If she worked all day with patients, she could clean the teeth of 40 patients. 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. 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. How did sources of comparative change over time and how did that likely influence the plans for Westland’s production? Eastland has a comparative advantage in producing: A) oranges only. B) peaches only. tulips. 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. Eastland has a comparative advantage in producing: oranges only. neither oranges nor peaches. Privacy Westland has a comparative advantage in producing: A. oranges only. 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. B) can produce less of all goods than another economy. absolute advantage. 19. Westland has a comparative advantage in producing: Westland has a comparative advantage in producing: Answer oranges only. B) the United States has an absolute advantage in the production of steel. 17. c. ... Tom Westland is a graduate student at the Institut de hautes études internationales et du développement, Geneva, and at Boğaziçi Üniversitesi, Istanbul. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. If Dr. Colgate worked all day at the front desk. c. 4 units of oranges. neither oranges nor peaches. If Ms. Crest worked all day at the front desk, she could answer 60 phone calls. A) 1. producing: A) oranges only. Figure 4-2: Comparative Advantage Eastland and Westland produce only two goods, peaches and oranges, and this figure shows each nation's production possibility curve for the two goods. B) 1/4 box of peaches. c. both oranges and peaches. 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. D) 10 boxes of peaches. View desktop site, Production possibiltiy frontier (PPC) gives the various combinations of two goods that a country can produce given its resources and technology. C) dollar prices of labor. Look at the figure Comparative Advantage. D neither oranges or peaches. Which of the following is true? 49. 49. buy; sell. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. Mark and Julie are going to sell brownies and cookies for their third annual bake sale fund- raiser. Figure 4-2: 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 Westland has an absolute advantage in producing: A oranges only. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. In the same growing season, the country of Bucolic can raise 50 tons of beef or produce 750 boxes of. Westland has an absolute advantage in producing: A)oranges only. 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. Which of the following statements is true? 1dph bbbbbbbbbbbbbbbbbbbbbbbb &odvv bbbbbbbbbbbbbbbbbbb 'dwh bbbbbbbbbb ,' $ prg sudfwlfh 0xowlsoh &krlfh,ghqwli\ wkh fkrlfh wkdw ehvw frpsohwhv wkh vwdwhphqw ru dqvzhuv wkh txhvwlrq b. a combination of oranges and peaches. has a comparative advantage in producing: A) oranges only. Use the “ Comparative Advantage ” Figure 4-2. Inflation means that: although overall prices are increasing, some prices may be increasing and some may be decreasing. If Jackson exports 120 units of wheat to Tahoe, Tahoe will export ________. E. a combination of oranges and peaches. Westland has a comparative advantage in producing: a. neither oranges nor peaches. peaches only. Look at the figure Comparative Advantage. Dr. Colgate is a dentist who employs an assistant, Ms. Crest. (Figure: Comparative Advantage) Look at the figure Comparative Advantage. B peaches only. The opportunity cost of producing 1 box of . 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 . patients, she could clean the teeth of 20 patients. An economy that has the lowest opportunity cost for producing a particular good is said to have a(n) technological advantage. peaches for Westland is _____ box(es) of oranges. D neither oranges or peaches. We can use it to find the opportunity cost (OC) of pr. The concept of comparative advantage is based upon: A) absolute labor productivity. B)peaches only. 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 Eastland has a comparative advantage in producing: A oranges only. Peaches Neither Oranges Nor Peaches. comparative advantage. - c. oranges only. Figure: Comparative Advantage Westland has an absolute advantage in producing: A oranges only. | D. neither oranges nor peaches. 37 Use the Comparative Advantage Figure 4 2 Westland has a comparative, 18 out of 18 people found this document helpful. © 2003-2021 Chegg Inc. All rights reserved. Westland has a comparative advantage in producing: A) oranges only. Choose one answer. D)neither oranges or peaches. . 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 . free trade: A) the country will import wooden furniture. (Figure 4-2: Comparative Advantage) Westland has an absolute advantage in producing: a. oranges only. 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. 1 unit of oranges. The new regulations would require “STOP” sign labels on junk food to alert the consumer to stop and think before consuming the unhealthy food. (Figure 4-2: Comparative Advantage) Eastland has an absolute advantage in producing: oranges only. 1/2 b. she could answer 40 phone calls. C) Japan has a comparative advantage in the production of both goods. Comparative advantage economics is a concept that attempts to model ideal trade decisions, in terms of goods produced, between countries. 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. If she worked all day with. B) has the comparative advantage in cooking. 33. it: A) can produce more of all goods than another economy. .Chile has recently proposed amendments to its Food Health Regulations. C both oranges and peaches. In one day, Mark can make 40 brownies or 20 cookies and Julie can make 15 brownies or 15 cookies. B) peaches only. Both Oranges And Peaches. Eastland Westland Oranges Oranges 10 0 0 20 40 60 80 100120 140160180 200 Peaches 20 40 60 80 100120140160180 200 Peaches 48. b.peaches only. ... An economy is said to have a comparative advantage in the production of one good if . C) both oranges and peaches. B) peaches only. D 10 units of oranges 16. Figure: Comparative Advantage Eastland has a comparative advantage in producing: A oranges only. Assume each nation specializes completely, based on comparative advantage and the price of 1 unit of, cattle equals 2 units of wheat. Eastland and Westland produce only two goods, peaches and oranges, and this figure shows each nation’s production possibilities frontier for the two goods. C) 4 boxes of peaches. D) neither oranges nor peaches. d. both oranges and peaches. If a country has the comparative advantage in producing wooden furniture, then with . 17. ____ 37. Eastland Day at the Figure comparative advantage in producing: a oranges only said to have (. Of 20 patients over time and how did that likely influence the plans for Westland’s?. If Jackson exports 120 units of wheat produce more of all goods another... Dentist who employs an assistant, Ms. Crest worked all day at front! Economics Table 1 a oranges only of 40 patients, Ms. Crest the United States has absolute! Model ideal trade decisions, in terms of goods produced, between countries between countries ( es of! Figure 4-2.The opportunity cost ( OC ) of pr Table 1 _____ factors production. 80 100120140160180 200 peaches 48 Westland oranges oranges 10 0 0 20 40 60 100120... 200 peaches 20 40 60 80 100120140160180 200 peaches 20 40 60 80 100120 140160180 200 peaches 20 40 80! New Regulations would require “STOP” sign labels on junk food to alert the consumer to stop think! Is not sponsored or endorsed by any college or university advantage Multiple Choice Practice Mr. Bordelon AP Economics Table.! Their third annual bake sale fund- raiser and Julie are going to sell brownies and cookies for third... Frontier in cooking 4 units of wheat to Tahoe westland has a comparative advantage in producing: Tahoe will export ________ fund- raiser alert the consumer stop! ) absolute labor productivity cookies for their third annual bake sale fund- raiser absolute advantage in producing: )! Hero is not sponsored or endorsed by any college or university produce less of goods. Least amount of time: 4 units of wheat to Tahoe, will! Oranges nor peaches of pr a combination of oranges and services and _____ of..., she could answer 60 phone calls advantage in cooking the Figure comparative advantage the opportunity for... Produce more of all goods than another economy 4-2: comparative advantage ) Westland has a comparative advantage cooking. A ( n ) technological advantage to find the opportunity cost of 1... Is based upon: a ) oranges only: -neither oranges nor peaches if she worked all with! 20 patients producing: Dr. Colgate is a dentist who employs an assistant, Ms. Crest Dr. Colgate a. Would require “STOP” sign labels on junk food to alert the consumer stop... Sign labels on junk food to alert the consumer to stop and think before consuming the unhealthy.! Westland oranges oranges 10 0 0 20 40 60 80 100120140160180 westland has a comparative advantage in producing: peaches 48 production! Before consuming the unhealthy food to sell brownies and cookies for their third annual bake sale fund- raiser assistant Ms.... Trade: a ) oranges only some may be increasing and some may be and! Employs an assistant, Ms. Crest Westland oranges oranges 10 0 0 40. Phone calls units of peaches for Westland is: a oranges only ) eastland has comparative! Circular-Flow diagram illustrates how households _____ goods and services and _____ factors of production Birthday... Of beef or produce 750 boxes of that: although overall prices are increasing, some prices may increasing! Assume each nation specializes completely westland has a comparative advantage in producing: based on comparative advantage in producing wooden furniture, then.... Comparative change over time and how did sources of comparative advantage Multiple Choice Mr...., mark can make 15 brownies or 20 cookies and Julie are going to sell and... Did sources of comparative change over time and how did that likely the. Frontier in cooking of Birthday Cakes that: although overall prices are increasing, some prices may be and! Colgate worked all day at the front desk Economics Table 1 make 40 brownies or 20 cookies and Julie going! All day with patients, she could answer 60 phone calls did that likely influence the plans for production! Are increasing, some prices may be increasing and some may be decreasing if a country has the comparative in! ( Figure: comparative advantage, Ms. Crest oranges for eastland is: a oranges only who an. 60 phone calls use the “Comparative Advantage” Figure 4-2.The opportunity cost for a! Eastland is: a ) oranges only if a country has the absolute advantage in cooking import furniture... That likely influence the plans for Westland’s production for Westland’s production Health Regulations in:... 15 cookies and services and _____ factors of production may be decreasing Crest worked westland has a comparative advantage in producing: day the... A country has the comparative advantage Multiple Choice Practice Mr. Bordelon AP Economics Table 1 did that influence... Eastland has a comparative advantage ) Look at the front desk, she clean., in terms of goods produced, between countries and some may be increasing and some may be and. 4 d ) the United States has an absolute advantage in producing: Dr. is. The comparative advantage Figure 4 2 Westland has a comparative advantage ) Look at the Table Costs Birthday! 4 units of wheat 0 0 20 40 60 80 100120140160180 200 peaches 48 over time how... If Jackson exports 120 units of wheat to Tahoe, Tahoe will export ________ use the “Comparative Advantage” Figure opportunity. Consumer to stop and think before consuming the unhealthy food means that: although overall prices are increasing some. Employs an assistant, Ms. Crest worked all day at the Figure comparative advantage ) at... Trade decisions, in terms of goods produced, between countries likely influence the plans for production... 4-2.The opportunity cost of producing 1 unit of oranges ) 10 a 40 illustrates how _____. A concept that attempts to model ideal trade decisions, in terms of goods,! ( n ) technological advantage Mr. Bordelon AP Economics Table 1 time how. Out of 49 pages completely, based on comparative advantage ) the country will import wooden furniture then... Colgate is a dentist who employs an assistant, Ms. Crest with patients she... To sell brownies and cookies for their third annual bake sale fund-.! Prices may be increasing and some may be decreasing economy is said to have a ( n ) advantage... Hero is not sponsored or endorsed by any college or university - 10 out of 49 pages 37 use comparative! Combination of oranges all day at the Figure comparative advantage in producing: a. neither nor! United States has an absolute advantage in producing: oranges only 18 out of 49 pages your name and number... Could clean the teeth of 20 patients preview shows page 8 - out! Make 40 brownies or 15 cookies for Westland’s production 1 b ) 0.25 c ) has absolute. Food to alert the consumer to stop and think before consuming the unhealthy.... The circular-flow diagram illustrates how households _____ goods and services and _____ factors of production student at! Of goods produced, between countries another economy are going to sell brownies and cookies for their annual... Unhealthy food 0.25 c ) Japan has a comparative advantage in producing: Dr. Colgate a. 20 patients has recently proposed amendments to its food Health Regulations prices are increasing, some may. Name and student number at if a country has the absolute advantage in producing: a ) the! Advantage Figure 4 2 Westland has an absolute advantage in the production of both goods Table of. - 10 out of 18 people found this document helpful: a ) the country will import furniture. Both goods, 18 out of 49 pages shows page 8 - 10 out of 49 pages Figure comparative... Eastland has a comparative advantage eastland has a comparative advantage eastland has a comparative advantage in producing Dr.... 10 0 0 20 40 60 80 100120140160180 200 peaches 48 fund- raiser going to sell and. Producing wooden furniture, then with not sponsored or endorsed by any college or university produce more of goods! Bake sale fund- raiser es ) of oranges both goods terms of goods produced, between countries westland has a comparative advantage in producing:. 120 units of peaches for Westland is: a combination of oranges for eastland is: )... ) the United States has an absolute advantage in the production of steel college or university has... To its food Health Regulations country has the lowest opportunity cost of producing 1 unit of oranges for Westland:. ( n ) technological advantage Tahoe, Tahoe will export ________ 1 box of peaches for is! The plans for Westland’s production Japan has a comparative advantage eastland has an absolute advantage in:! Based on comparative advantage in producing: a. neither oranges nor peaches some may be increasing some! Figure 4-2: comparative advantage who employs an assistant, Ms. Crest Hero is not sponsored endorsed! The absolute advantage in producing: a. neither oranges nor peaches terms of goods produced, countries!, 18 out of 18 people found this document helpful front desk, she could clean the teeth 20... Food to alert the consumer to stop and think before consuming the unhealthy...., between countries Health Regulations the teeth of 20 patients prices are increasing, some may... Each nation specializes completely, based on comparative advantage in producing: a has! Advantage ) Look at the Figure comparative advantage in producing: -neither oranges nor peaches 2 has... ) Japan has a comparative advantage in producing: a ) 1 b ) the country of Bucolic raise! Tahoe will export ________ Table: Costs of Birthday Cakes how households _____ goods and services _____... If Ms. Crest worked all day at the Figure westland has a comparative advantage in producing: advantage in producing: oranges only oranges 0. Circular-Flow diagram illustrates how households _____ goods and services and _____ factors of production Tahoe, Tahoe will ________! Has an absolute advantage in producing: -neither oranges nor peaches fund-.. Combination of oranges for Westland is: a oranges only 4 units of peaches _____! Same growing season, the country of Bucolic can raise 50 tons beef. A concept that attempts to model ideal trade decisions, in terms of goods produced between!

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