9. International Economics

Comparative Advantage — Quiz

Test your understanding of comparative advantage with 5 practice questions.

Practice Questions

Question 1

Which of the following scenarios best illustrates the concept of absolute advantage?

Question 2

If Country X can produce 10 units of corn or 5 units of steel, and Country Y can produce 12 units of corn or 4 units of steel, what is Country Y's opportunity cost of producing 1 unit of corn?

Question 3

Building on the previous question (Country X: 10 corn or 5 steel; Country Y: 12 corn or 4 steel), which country has a comparative advantage in producing steel?

Question 4

When countries specialize in producing goods where they have a comparative advantage, what is the most significant economic outcome?

Question 5

If Country A can produce 100 units of clothing or 50 units of electronics, and Country B can produce 80 units of clothing or 20 units of electronics, what is Country A's opportunity cost of producing 1 unit of electronics?