(D) Dana has a comparative advantage in making Which of the following statements is true? Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. (A) Robin has an absolute advantage in making smoothies and a comparative advantage in making pizzas. The U.S. has a comparative advantage and an absolute advantage with nearly all … b. (B) Robin has both an absolute advantage and a comparative advantage in making pizzas. Question: Using The Numbers In The Table, Determine Which Country Has A Comparative Advantage In Producing Each Product. Preview this quiz on Quizizz. A country cannot have a comparative advantage in producing a particular good unless it first has an absolute advantage in producing that good. ... Country A has the comparative advantage in chairs & Country B has the comparative advantage in shirts. The Opportunity Cost For Switzerland To Produce One Smartphone Is 0.75 Fitness Bracelet, B. B) Some very untalented people have a comparative advantage in nothing they do. C) Some very talented people have a very low opportunity cost in everything they do. C. A country cannot have comparative advantage in producing a certain item if it incurs an increasing opportunity cost in … C. Greece has an absolute advantage in wine and olive oil production. Comparative advantage in clarinets. Which of the following statements is true? 123. c. Absolute advantage in sleds. Which of the following statements is true about comparative advantage? Which of the following statements is true? Which of the following statements is true? O A. answer choices . B. (C) Dana has a comparative advantage in making both smoothies and pizzas. Then Brazil has a a. Given the data in the chart above, which of the following statements is true? b. Free trade theory suggests that when trade takes place any gain made one nation comes at the expense of another c. Suppose that Australia and Brazil have the outputs per worker in producing sleds and clarinets shown in the table at the right. D) It is possible to have an absolute disadvantage in doing something but still have a comparative … o The country with the higher opportunity cost of producing a good has the comparative advantage in producing that good, O There are mutually beneficial gains from trade if opportunity costs differ. Which of the following statements is true? d. Comparative Advantage DRAFT. following statements is true? Question: Which Of The Following Statements Is True About Free Trade: A. Output Per Hour Of Work Smartphones Fitness Bracelets 9 12 6 5 Switzerland Canada Which Of The Following Statements Is True? Free Trade Allows Nations To Gain From Specialization C. Both A & B D. None Of The Above A) Some very talented people have a comparative advantage in everything they do. Comparative advantage in producing a certain item arises from being the first country to manufacture that item. B)Comparative advantage is interesting theoretically, but it is not relevant when evaluating real-world economic conditions. B. Italy has an absolute advantage in wine and olive oil production. A. The opportunity cost of producing more machines is constant. Multiple Choice Comparative advantage and absolute advantage are identical terms. A. France has a comparative advantage in olive oil production. Which of the following statements is true? The diagram shows the production possibilities curve for Country Y. D. Greece has a comparative advantage in wine production. Comparative advantage in sleds. A)Comparative advantage exists whenever one person, firm, or nation can do something with greater opportunity costs than some other individual, firm, or nation. ... 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