13. If Armenia can produce two rugs

13. If Armenia can produce two rugs or 100 spy novels in an hour, and Turkey can produce one rug or 50 spy novels in an hour
a. Turkey should produce both rugs and spy novels.
b. Turkey should produce only rugs.
c. Armenia should produce only rugs.
d. there are no gains from trade between these two countries with these two goods.
14. Suppose these diagrams depict the production possibilities frontiers of wheat and corn for two countries, the United States and Canada. What is the most wheat the U.S. would be willing to trade for one unit of Canada’s corn?
a. 1/3
b. 1/4
c. 3
d. 4
15. Suppose these diagrams depict the production possibilities frontiers of wheat and corn for two countries, the United States and Canada. What is the most corn the Canada would be willing to trade for one unit of U.S. wheat?
a. 1/3
b. 1/4
c. 3
d. 4
16. A good produced in Japan and sold to Korea
a. is a Korean export and Japanese import.
b. is a Korean import and Japanese export.
c. implies that Japan has an absolute advantage in the production of the good.
d. implies that Korea has a comparative advantage in the production of the good.
17. A nation should only import those goods for which it has
a. lower opportunity costs than its trading partner.
b. higher opportunity costs than its trading partner.
c. zero transactions costs.
d. lower costs of production than its trading partner.
Jill can sew a child’s dress in 3 hours and can knit a baby’s blanket in 2 hours. Sarah can sew a child’s dress in 6 hours and can knit a baby’s blanket in 3 hours. Use this information to answer the following questions.
18. We can infer that Jill has the comparative advantage in
a. sewing.
b. knitting.
c. both activities.
d. neither activities.

19. We know that Sarah has the comparative advantage in
a. sewing.
b. knitting.
c. both activities.
d. neither activities.
20. Jill should specialize in
a. sewing.
b. knitting.
c. both activities.
d. neither activities.
21. Sarah should specialize in
a. sewing.
b. knitting.
c. both activities.
d. neither activities.
22. Which of the following describes the production possibilities frontier for Jill and Sarah together if each works for 12 hours? The intercept on the dress axis is __________ units and the intercept on the blanket axis is __________ units.
a. 10; 6
b. 9;5
c. 4;4
d. 6;10
23. Given the above information, Jill would trade her dresses for Sarah’s blankets if the price of a dress in terms of blankets was
a. less than 2/3 blankets for 1 dress.
b. more than 2 blankets for 1 dress.
c. at least 3/2 blankets for 1 dress.
d. Jill would never trade with Sarah.
24. Given the above information, Sarah would trade her blankets for Jill’s dresses if the price of a blanket in terms of dresses was
a. more than 1/2 dress for one blanket.
b. less than 1/2 dress for one blanket.
c. more than 2/3 dress for 1 blanket.
d. Sarah would never trade with Jill.
25. Which of the following would be a mutually agreeable rate of exchange between Jill and Sarah for dresses and blankets?
a. less than 1/2 dress for 1 blanket.
b. more than 2/3 dress for 1 blanket.
c. between 1/2 and 2/3 dress for 1 blanket.
d. between 2/3 and 2 dresses for 1 blanket.

Kết quả (Việt) 1:

13. If Armenia can produce two rugs or 100 spy novels in an hour, and Turkey can produce one rug or 50 spy novels in an hour a. Turkey should produce both rugs and spy novels. b. Turkey should produce only rugs. c. Armenia should produce only rugs. d. there are no gains from trade between these two countries with these two goods.14. Suppose these diagrams depict the production possibilities frontiers of wheat and corn for two countries, the United States and Canada. What is the most wheat the U.S. would be willing to trade for one unit of Canada’s corn? a. 1/3 b. 1/4 c. 3 d. 415. Suppose these diagrams depict the production possibilities frontiers of wheat and corn for two countries, the United States and Canada. What is the most corn the Canada would be willing to trade for one unit of U.S. wheat? a. 1/3 b. 1/4 c. 3 d. 416. A good produced in Japan and sold to Korea a. is a Korean export and Japanese import. b. is a Korean import and Japanese export. c. implies that Japan has an absolute advantage in the production of the good. d. implies that Korea has a comparative advantage in the production of the good.17. A nation should only import those goods for which it has a. lower opportunity costs than its trading partner. b. higher opportunity costs than its trading partner. c. zero transactions costs. d. lower costs of production than its trading partner.Jill can sew a child’s dress in 3 hours and can knit a baby’s blanket in 2 hours. Sarah can sew a child’s dress in 6 hours and can knit a baby’s blanket in 3 hours. Use this information to answer the following questions.18. We can infer that Jill has the comparative advantage in a. sewing. b. knitting. c. both activities. d. neither activities.19. We know that Sarah has the comparative advantage in a. sewing. b. knitting. c. both activities. d. neither activities.20. Jill should specialize in a. sewing. b. knitting. c. both activities. d. neither activities.21. Sarah should specialize in a. sewing. b. knitting. c. both activities. d. neither activities.22. Which of the following describes the production possibilities frontier for Jill and Sarah together if each works for 12 hours? The intercept on the dress axis is __________ units and the intercept on the blanket axis is __________ units. a. 10; 6 b. 9;5 c. 4;4 d. 6;1023. Given the above information, Jill would trade her dresses for Sarah’s blankets if the price of a dress in terms of blankets was a. less than 2/3 blankets for 1 dress. b. more than 2 blankets for 1 dress. c. at least 3/2 blankets for 1 dress. d. Jill would never trade with Sarah.24. Given the above information, Sarah would trade her blankets for Jill’s dresses if the price of a blanket in terms of dresses was a. more than 1/2 dress for one blanket. b. ăn ít hơn 1/2 cho một tấm chăn. c. nhiều hơn 2/3 trang phục cho 1 chăn. mất Sarah sẽ không bao giờ thương mại với Jill.25. mà sau đây sẽ là một dễ chịu cùng tỷ lệ trao đổi giữa Jill và Sarah cho trang phục và chăn? a. ăn ít hơn 1/2 cho 1 chăn. b. ăn nhiều hơn 2/3 cho 1 chăn. c. giữa 1/2 và 2/3 dress cho 1 chăn. mất giữa 2/3 và 2 trang phục cho 1 chăn.