SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE

question 64

Multiple Choice

SCENARIO: ABSOLUTE AND COMPARATIVE ADVANTAGE
Poland requires 4 hours of labor to produce a ton of coal and 10 hours of
Labor to produce 10 bushels of wheat.The Czech Republic requires 6
Hours of labor to produce a ton of coal and 10 hours of labor to produce
10 bushels of wheat.
Reference: Ref 2­5
(Scenario: Absolute and Comparative Advantage) Which country has an
Absolute advantage in the production of wheat?

• A)Poland
• B)the Czech Republic
• C)Neither country has an absolute advantage.
• D)Both countries have an absolute advantage.

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Definitions:

Copper Mines

Sites where copper ore is extracted from the Earth, typically through open pit or underground mining methods.

Iron Mines

Locations or operations where iron ore is extracted from the earth, typically through open pit or underground mining techniques.

Precipitation

Any form of water, liquid or solid, that falls from clouds and reaches the ground, including rain, snow, sleet, and hail.

Geologic Histories

The study and documentation of Earth's past based on the analysis of rocks, fossils, and other geological data.