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