201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof

a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY.

b.GoodYandMexicohasacomparativeadvantageintheproductionofGoodX.

c.bothgoodsandMexicohasacomparativeadvantageintheproductionofneithergood.

d.neithergoodandMexicohasacomparativeadvantageintheproductionofbothgoods.

202.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodXwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

203.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodYwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

204.RefertoFigure3-20.AtwhichofthefollowingpriceswouldbothCanadaandMexicogainfromtradewitheachother?

a.9unitsofGoodYfor6unitsofGoodX

b.8unitsofGoodY for20unitsofGood X

c.70unitsof GoodY for30 unitsofGood X

d.CanadaandMexicocouldnotbothgainfromtradewitheachotheratanyprice.

Figure3-21

Uzbekistan’sProductionPossibilitiesFrontierAzerbaijan’sProductionPossibilitiesFrontier

205.RefertoFigure3-21.Azerbaijan’sopportunitycostofonenailis

a.1/4boltandUzbekistan’sopportunitycostofonenailis1/2bolt.

b.1/4boltandUzbekistan’sopportunitycostofonenailis2bolts.

c.4boltsandUzbekistan’sopportunitycostofonenailis1/2bolt.

d.4boltsandUzbekistan’sopportunitycostofonenailis2bolts.

206.RefertoFigure3-21.Azerbaijan’sopportunitycostofoneboltis

a.1/4nailandUzbekistan’sopportunitycostofoneboltis1/2nail.

b.1/4nailandUzbekistan’sopportunitycostofoneboltis2nails.

c.4nailsandUzbekistan’sopportunitycostofoneboltis1/2nail.

d.4nailsandUzbekistan’sopportunitycostofoneboltis2nails.

207.RefertoFigure3-21.SupposeUzbekistandecidestoincreaseitsproductionofboltsby10.Whatistheopportunitycostofthisdecision?

a.1/2nail

b.2nails

c.5nails

d.20 nails

208.RefertoFigure3-21.SupposeAzerbaijandecidestoincreaseitsproductionofnailsby20.Whatistheopportunitycostofthisdecision?

a.1/4bolt

b.4bolts

c.5bolts

d.80 bolts

209.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldAzerbaijanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.8boltsand 56nails

b.14 bolts and 44 nails

c.18 bolts and 32 nails

d.20 bolts and 26 nails

210.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldUzbekistanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.7boltsand 70nails

b.12 bolts and 56 nails

c.17 bolts and 40 nails

d.25 bolts and 15 nails

201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof

a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY.

b.GoodYandMexicohasacomparativeadvantageintheproductionofGoodX.

c.bothgoodsandMexicohasacomparativeadvantageintheproductionofneithergood.

d.neithergoodandMexicohasacomparativeadvantageintheproductionofbothgoods.

202.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodXwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

203.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodYwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

204.RefertoFigure3-20.AtwhichofthefollowingpriceswouldbothCanadaandMexicogainfromtradewitheachother?

a.9unitsofGoodYfor6unitsofGoodX

b.8unitsofGoodY for20unitsofGood X

c.70unitsof GoodY for30 unitsofGood X

d.CanadaandMexicocouldnotbothgainfromtradewitheachotheratanyprice.

Figure3-21

Uzbekistan’sProductionPossibilitiesFrontierAzerbaijan’sProductionPossibilitiesFrontier

205.RefertoFigure3-21.Azerbaijan’sopportunitycostofonenailis

a.1/4boltandUzbekistan’sopportunitycostofonenailis1/2bolt.

b.1/4boltandUzbekistan’sopportunitycostofonenailis2bolts.

c.4boltsandUzbekistan’sopportunitycostofonenailis1/2bolt.

d.4boltsandUzbekistan’sopportunitycostofonenailis2bolts.

206.RefertoFigure3-21.Azerbaijan’sopportunitycostofoneboltis

a.1/4nailandUzbekistan’sopportunitycostofoneboltis1/2nail.

b.1/4nailandUzbekistan’sopportunitycostofoneboltis2nails.

c.4nailsandUzbekistan’sopportunitycostofoneboltis1/2nail.

d.4nailsandUzbekistan’sopportunitycostofoneboltis2nails.

207.RefertoFigure3-21.SupposeUzbekistandecidestoincreaseitsproductionofboltsby10.Whatistheopportunitycostofthisdecision?

a.1/2nail

b.2nails

c.5nails

d.20 nails

208.RefertoFigure3-21.SupposeAzerbaijandecidestoincreaseitsproductionofnailsby20.Whatistheopportunitycostofthisdecision?

a.1/4bolt

b.4bolts

c.5bolts

d.80 bolts

209.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldAzerbaijanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.8boltsand 56nails

b.14 bolts and 44 nails

c.18 bolts and 32 nails

d.20 bolts and 26 nails

210.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldUzbekistanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.7boltsand 70nails

b.12 bolts and 56 nails

c.17 bolts and 40 nails

d.25 bolts and 15 nails

201.RefertoFigure3-20.Canadahasacomparativeadvantageintheproductionof

a.GoodXandMexicohasacomparativeadvantageintheproductionofGoodY.

b.GoodYandMexicohasacomparativeadvantageintheproductionofGoodX.

c.bothgoodsandMexicohasacomparativeadvantageintheproductionofneithergood.

d.neithergoodandMexicohasacomparativeadvantageintheproductionofbothgoods.

202.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodXwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

203.RefertoFigure3-20.IfCanadaandMexicoswitchfromeachcountrydividingitstimeequallybetweentheproductionofGoodXandGoodYtoeachcountryspendingallofitstimeproducingthegoodinwhichithasacomparativeadvantage,thentotalproductionofGoodYwillincreaseby

a.3units.

b.6units.

c.9units.

d.12units.

204.RefertoFigure3-20.AtwhichofthefollowingpriceswouldbothCanadaandMexicogainfromtradewitheachother?

a.9unitsofGoodYfor6unitsofGoodX

b.8unitsofGoodY for20unitsofGood X

c.70unitsof GoodY for30 unitsofGood X

d.CanadaandMexicocouldnotbothgainfromtradewitheachotheratanyprice.

Figure3-21

Uzbekistan’sProductionPossibilitiesFrontierAzerbaijan’sProductionPossibilitiesFrontier

205.RefertoFigure3-21.Azerbaijan’sopportunitycostofonenailis

a.1/4boltandUzbekistan’sopportunitycostofonenailis1/2bolt.

b.1/4boltandUzbekistan’sopportunitycostofonenailis2bolts.

c.4boltsandUzbekistan’sopportunitycostofonenailis1/2bolt.

d.4boltsandUzbekistan’sopportunitycostofonenailis2bolts.

206.RefertoFigure3-21.Azerbaijan’sopportunitycostofoneboltis

a.1/4nailandUzbekistan’sopportunitycostofoneboltis1/2nail.

b.1/4nailandUzbekistan’sopportunitycostofoneboltis2nails.

c.4nailsandUzbekistan’sopportunitycostofoneboltis1/2nail.

d.4nailsandUzbekistan’sopportunitycostofoneboltis2nails.

207.RefertoFigure3-21.SupposeUzbekistandecidestoincreaseitsproductionofboltsby10.Whatistheopportunitycostofthisdecision?

a.1/2nail

b.2nails

c.5nails

d.20 nails

208.RefertoFigure3-21.SupposeAzerbaijandecidestoincreaseitsproductionofnailsby20.Whatistheopportunitycostofthisdecision?

a.1/4bolt

b.4bolts

c.5bolts

d.80 bolts

209.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldAzerbaijanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.8boltsand 56nails

b.14 bolts and 44 nails

c.18 bolts and 32 nails

d.20 bolts and 26 nails

210.RefertoFigure3-21.SupposeAzerbaijaniswillingtotrade3nailstoUzbekistanforeveryboltthatUzbekistanmakesandsendstoAzerbaijan.WhichofthefollowingcombinationsofboltsandnailscouldUzbekistanthenconsume,assumingUzbekistanspecializesinmakingboltsandAzerbaijanspecializesinmakingnails?

a.7boltsand 70nails

b.12 bolts and 56 nails

c.17 bolts and 40 nails

d.25 bolts and 15 nails

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