p1 fa09 makeup

# p1 fa09 makeup - /home/vdimitrov/27899/ Econ 1110 Wissink...

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//home/vdimitrov/27899/3ba703c84abe7851c3666a43245637fbb4a4750f.doc Econ 1110 - Wissink - F09 PRELIM #1 – MAKEUP EXAM MULTIPLE CHOICE ANSWERS J. WISSINK October 9, 2009 YOUR NAME: _____________________________ Your C.U. Netid: _____________ YOUR C.U. STUDENT NUMBER: ____________________________ Check YOUR TA’s NAME : ____Romita (Tuesdays pm) ____Xinli (Thursdays am to pm) ____Roland (Wednesdays am) ____Freeha (Fridays am) ____Wei (Wednesdays am) CIRCLE THE BEST ANSWER FOR EACH QUESTION d e 14 a b c d e 13 a b c d e 12 a b c d e 11 a b c d e 10 a b c d e 9 a b c d e 8 a b c d e 7 a b c d e 6 a b c d e 5 a b c d e 4 a b c d e 3 a b c d e 2 a b c d e 1 a b c 2
//home/vdimitrov/27899/3ba703c84abe7851c3666a43245637fbb4a4750f.doc Part I: Multiple Choice: Circle the best answer on ANSWER SHEET PROVIDED. Do them ALL. 1 . Based on the numbers in the table, which one of the following statements is true? Labor hours required to make one unit Car Tires Chicken Feet (in pounds) China 5 hrs 2 hrs U.S. 20 hrs 4 hrs A. China has the comparative advantage in chicken feet. B. China has the comparative advantage in both tires and chicken feet. C. The U.S. has the comparative advantage in chicken feet. D. The U.S. has the absolute advantage in chicken feet. E. The U.S. has a comparative disadvantage in everything relative to China. 2

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## This note was uploaded on 09/19/2010 for the course ECON 1101 taught by Professor Evans during the Fall '08 term at Cornell.

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p1 fa09 makeup - /home/vdimitrov/27899/ Econ 1110 Wissink...

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