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According to the principle of absolute advantage, international trade is beneficial to the world if one nation has an absolute cost advantage in the production of one good while the other nation has an absolute cost advantage in the other good

发布时间：2024-05-09 21:18:00

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相关试题

1.If a nation has the lowest opportunity cost of producing a good, that nation has a(n) ______ in the production of that good.选项： A:comparative advantage; B:absolute advantage; C:comparative advantage and an absolute advantage; D:absolute advantage and possibly a comparative advantage.
2.A nation will typically import those goods in which 选项： A:
the nation has an absolute advantage.
B:
the nation has a comparative advantage.
C:
other nations have an absolute advantage.
D:
other nations have a comparative advantage.
3.David Ricardo developed the principle of comparative advantage showing that 选项： A:a nation must be the least-cost producer of a good in order to export that item. B: no nation could have an absolute advantage in all goods. C: in a two-country example, only one nation can have a comparative advantage. D:even a nation that has lower productivity in all goods can benefit by exporting the item in which it is relatively less inefficient.
4.The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, (　　) 选项： A: has a low opportunity cost of producing that good, relative to the opportunity costs of other producers. B: has a comparative advantage in the production of that good. C: has an absolute advantage in the production of that good. D: should be the only producer of that good.
5.The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good,选项： A:has a low opportunity cost of producing that good, relative to the opportunity costs of other producers.; B:has a comparative advantage in the production of that good.; C:has an absolute advantage in the production of that good.; D:should be the only producer of that good.
6. Prior to international trade, the price of good X is lower in country A than in country B. This means that we know that A: country B has an absolute advantage in the production of product X. B: country B has a comparative advantage in the production of product X. C: country A has an absolute advantage in the production of product X. D: country A has a comparative advantage in the production of product X.
7.In the two-country, two-good model, if a country has an absolute advantage in the production of a certain good, that means that: 选项： A、It is not possible that this country will start importing this good from the other country. B、This country also has a comparative advantage in the production of this good. C、Trade based on comparative advantage will not be possible. D、This country has a higher labor productivity in the production of this good.
8. Prior to international trade, the price of good X is lower in country 选项： A、 than in country B、 This means that we know thatA) country B has an absolute advantage in the production of product X.B) country B has a comparative advantage in the production of product X. C、 country A has an absolute advantage in the production of product X. D、 country A has a comparative advantage in the production of product X.
9.The principle of comparative advantage contends that a nation should specialize in and export the good in which its absolute advantage is smallest or its absolute disadvantage is greatest. 选项： A:正确 B:错误
10.If a nation can produce a more computers per year than any other nation, that nation has a(n) ______ advantage in the production of computers.选项： A:comparative; B:absolute; C:relative; D:natural
11.If a nation can produce a more computers per year than any other nation, that nation has a(n advantage in the production of computers.选项： A:relative; B:natural; C:comparative; D:absolute
12.63) Before trade, the price of good X is lower in country 选项： A、than in country B、This means that A) country B has an absolute advantage in the production of product X. B) country B has a comparative advantage in the production of product X. C、country A has an absolute advantage in the production of product X. D、country A has a comparative advantage in the production of product X.
13.The commodity in which the nation has the smallest absolute disadvantage is the commodity of its选项： A:absolute disadvantage; B:absolute advantage; C:comparative advantage; D:comparative disadvantage
14.According to the theory of comparative advantage, 选项： A、a nation can gain from trade if it is equally inefficient in producing two goods. B、a nation must have an absolute advantage in at least one good to gain from trade. C、All of the above. D、a nation should produce the goods at which it is most efficient.

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