NAME: ________________________

Question Types


Start With


Question Limit

of 15 available terms

Upgrade to
remove ads

5 Written Questions

5 Multiple Choice Questions


  1. What is the opportunity cost of Good1 for Country2?

  2. What can Good1 be traded for?

  3. What can Good2 be traded for?

  4. What is the opportunity cost of Good2 for Country2?

  5. What is the opportunity cost of Good2 for Country2?

5 True/False Questions

  1. between y/x and w/z
    What can Good1 be traded for?

          

  2. z/w
    What is the opportunity cost of Good1 for Country2?

          

  3. x/y
    What is the opportunity cost of Good1 for Country1?

          

  4. comparative advantagethe ability to produce a good using fewer inputs than another producer

          

  5. opportunity costwhatever must be given up to obtain some item

          

Create Set