Tackle the Test: Multiple-Choice Questions

Refer to the graph below to answer the following questions.

image
  1. Question

    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
    Use the graph to determine which country has an absolute advantage in producing each good.
  2. 31

    Question

    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
    For Country A, the opportunity cost of a bushel of wheat is
  3. Question

    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
    Use the graph to determine which country has a comparative advantage in producing each good.
  4. Question

    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
    If the two countries specialize and trade, which of the choices below describes the countries’ imports?
  5. Question

    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
    What is the highest price Country B is willing to pay to buy wheat from Country A?