Tackle the Test: Multipl
e-
Choice Questions
Refer to the graph below to answer the following questions.
Question
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Use the graph to determine which country has an absolute advantage in producing each good.
31
Question
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For Country A, the opportunity cost of a bushel of wheat is
Question
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Use the graph to determine which country has a comparative advantage in producing each good.
Question
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If the two countries specialize and trade, which of the choices below describes the countries’ imports?
Question
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What is the highest price Country B is willing to pay to buy wheat from Country A?