quiz 4 - ViewAttempt1of1 Title: Started: Submitted:...

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View Attempt 1 of 1  Title: Quiz 04 Started: March 3, 2009 11:45 PM Submitted: March 4, 2009 12:12 AM Time spent: 00:26:29  Total score: 100/100 = 100%   Total score adjusted by 0.0  Maximum possible score:  100  1. Quiz 04_Q1   A country that can produce goods or services at a lower cost than another country,  is said to have __________ over the other country.     Student  Response Value Correct  Answer Feedback a.  a comparative  advantage 0%      b.  a redistributive  advantage 0%      c.  an  international  trade 0%      d.  an opportunity  cost  advantage 0%      e.  an absolute  advantage 100%         Score: 10/10    2. Quiz 04_Q2
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  Consider the following monthly production possibilities for two countries per  100 workers:                  Country A                      Country B Product Labor Output Labor Output Food 100 workers 60 tons 100 workers 50 tons Equipment 100 workers 100 units 100 workers 120 units By specializing and trading, total global output in food can be increased 
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quiz 4 - ViewAttempt1of1 Title: Started: Submitted:...

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