經(jīng)濟(jì)學(xué)原理對應(yīng)練習(xí) 03

經(jīng)濟(jì)學(xué)原理對應(yīng)練習(xí)03經(jīng)濟(jì)學(xué)原理對應(yīng)練習(xí)03經(jīng)濟(jì)學(xué)原理對應(yīng)練習(xí)03經(jīng)濟(jì)學(xué)原理對應(yīng)練習(xí)03編制僅供參考審核批準(zhǔn)生效日期地址：電話：傳真:郵編:Chapter3InterdependenceandtheGainsfromTradeMultipleChoice 1. Peoplewhoprovideyouwithgoodsandservicesa. areactingoutofgenerosity.b. dosobecausetheyhavenootherchoice.c. dosobecausetheygetsomethinginreturn.d. arerequiredtodosobygovernment.ANS:C PTS:1 DIF:1 REF:3-0TOP:Trade MSC:Interpretive 2. Whenaneconomistpointsoutthatyouandmillionsofotherpeopleareinterdependent,heorsheisreferringtothefactthatwealla. relyupongovernmenttoprovideuswiththebasicnecessitiesoflife.b. relyupononeanotherforthegoodsandservicesweallconsume.c. havesimilartastesandabilities.d. areconcernedaboutoneanother’swell-being.ANS:B PTS:1 DIF:1 REF:3-0TOP:Trade MSC:Interpretive 3. Peoplegenerallychoosetodependuponothersforgoodsandservices.Economistsviewthisinterdependenceasa. agoodthing,sinceitfostersfriendshipsandbondsthatotherwisewouldneverdevelop.b. agoodthing,sinceitallowspeopletoconsumemoregoodsandservicesthantheywouldotherwisebeabletoconsume.c. abadthing,sinceself-sufficiencymaybecomenecessaryinthefuture.d. abadthing,sinceinterdependencereducespeople’sself-esteemandcausesvarioussocialproblems.ANS:B PTS:1 DIF:1 REF:3-1TOP:Trade MSC:Interpretive 4. Regangrowsflowersandmakesceramicvases.Jaysonalsogrowsflowersandmakesvases,butReganisbetteratproducingboth.Inthiscase,tradecoulda. benefitbothJaysonandRegan.b. benefitJayson,butnotRegan.c. benefitRegan,butnotJayson.d. benefitneitherJaysonnorRegan.ANS:A PTS:1 DIF:2 REF:3-1TOP:Trade MSC:Interpretive 5. BenbakesbreadandShawnaknitssweaters.Benlikestoeatbreadandwearsweaters,andthesameistrueforShawna.InwhichofthefollowingcasesisitimpossibleforbothBenandShawnatobenefitfromtradea. BencannotknitsweatersandShawnacannotbakebread.b. BenisbetterthanShawnaatbakingbreadandShawnaisbetterthanBenatknittingsweaters.c. BenisbetterthanShawnaatbakingbreadandatknittingsweaters.d. Noneoftheaboveiscorrect.ANS:D PTS:1 DIF:2 REF:3-1TOP:Trade MSC:Applicative 6. ShannonbakescookiesandJustingrowsvegetables.InwhichofthefollowingcasesisitimpossibleforbothShannonandJustintobenefitfromtradea. ShannondoesnotlikevegetablesandJustindoesnotlikecookies.b. ShannonisbetterthanJustinatbakingcookiesandJustinisbetterthanShannonatgrowingvegetables.c. JustinisbetterthanShannonatbakingcookiesandatgrowingvegetables.d. Alloftheabovearecorrect.ANS:A PTS:1 DIF:2 REF:3-1TOP:Trade MSC:Applicative 7. Considerashoemakerandavegetablefarmer.Potentially,tradecouldbenefitbothindividualsifa. theshoemakercanproduceonlyshoesandthevegetablefarmercanproduceonlyvegetables.b. theshoemakeriscapableofgrowingvegetables,butheisnotverygoodatit.c. thevegetablefarmerisbetteratgrowingvegetablesandbetteratmakingshoesthantheshoemaker.d. Alloftheabovearecorrect.ANS:D PTS:1 DIF:2 REF:3-1TOP:Trade MSC:Interpretive 8. Withouttrade,a. acountryisbetteroffbecauseitwillhavetolearntobeself-sufficientwithouttrade.b. acountry'sproductionpossibilitiesfrontierisalsoitsconsumptionpossibilitiesfrontier.c. acountrycanstillbenefitfrominternationalspecialization.d. interdependenceismoreextensivethanitwouldbewithtrade.ANS:B PTS:1 DIF:2 REF:3-1TOP:Trade MSC:Interpretive 9. Acountry'sconsumptionpossibilitiesfrontiercanbeoutsideitsproductionpossibilitiesfrontierifa. thecountry’stechnologyissuperiortothetechnologiesofothercountries.b. thecitizensofthecountryhaveagreaterdesiretoconsumegoodsandservicesthandothecitizensofothercountries.c. thecountryengagesintrade.d. Alloftheabovearecorrect.ANS:C PTS:1 DIF:2 REF:3-1TOP:Trade|Productionpossibilitiesfrontier MSC: Interpretive 10. Aproductionpossibilitiesfrontierwillbeastraightlineifa. increasingtheproductionofonegoodbyxunitsentailsnoopportunitycostintermsoftheothergood.b. increasingtheproductionofonegoodbyxunitsentailsaconstantopportunitycostintermsoftheothergood.c. theeconomyisproducingefficiently.d. theeconomyisengagedintradewithatleastoneothereconomy.ANS:B PTS:1 DIF:3 REF:3-1TOP:Productionpossibilitiesfrontier MSC:Applicative 11. Thedifferencebetweenproductionpossibilitiesfrontiersthatarebowedoutandthosethatarestraightlinesisthata. bowed-outproductionpossibilitiesfrontiersapplytoeconomiesthatfacetradeoffs,whereasstraight-lineproductionpossibilitiesfrontiersapplytoeconomiesthatdonotfacetradeoffs.b. bowed-outproductionpossibilitiesfrontiersapplytoeconomiesinwhichresourcesarenotspecialized,whereasstraight-lineproductionpossibilitiesfrontiersapplytoeconomiesinwhichresourcesarespecialized.c. bowed-outproductionpossibilitiesfrontiersillustrateincreasingopportunitycost,whereasstraight-lineproductionpossibilitiesfrontiersillustrateconstantopportunitycost.d. straight-lineproductionpossibilitiesfrontiersillustratereal-worldconditions,whereasbowed-outproductionpossibilitiesfrontiersillustratemoresimplisticassumptions.ANS:C PTS:1 DIF:3 REF:3-1TOP:Productionpossibilitiesfrontier|Opportunitycost MSC:Applicative 12. Whichofthefollowingstatementsisnotcorrecta. Tradeallowsforspecialization.b. Tradehasthepotentialtobenefitallnations.c. Tradeallowsnationstoconsumeoutsideoftheirproductionpossibilitiescurves.d. Absoluteadvantageisthedrivingforceofspecialization.ANS:D PTS:1 DIF:2 REF:3-2TOP:Specialization|Trade MSC: Interpretive 13. IflaborinMexicoislessproductivethanlaborintheUnitedStatesinallareasofproduction,a. neithernationcanbenefitfromtrade.b. MexicocanbenefitfromtradebuttheUnitedStatescannot.c. theUnitedStateswillhaveacomparativeadvantagerelativetoMexicointheproductionofallgoods.d. bothMexicoandtheUnitedStatesstillcanbenefitfromtrade.ANS:D PTS:1 DIF:2 REF:3-2TOP:Comparativeadvantage|Trade MSC:Interpretive 14. Theproductionpossibilitiesfrontierisadownward-slopingstraightlinewhena. itispossibletoswitchbetweenonegoodandtheothergoodataconstantrate.b. thereisnotradeoffinvolvedinswitchingbetweenonegoodandtheothergood.c. thesameamountoftimeisrequiredtoproduceaunitofonegoodasisrequiredtoproduceaunitoftheothergood.d. thepersonforwhomthefrontierisdrawnwishestoconsumeequalamountsofthetwogoods.ANS:A PTS:1 DIF:2 REF:3-1TOP:Productionpossibilitiesfrontier MSC:InterpretiveTable3-1LaborHoursNeededtoMake1Poundof:Poundsproducedin40hours:MeatPotatoesMeatPotatoesFarmer82520Rancher45108 15. RefertoTable3-1.Theopportunitycostof1poundofmeatforthefarmerisa. 1/4houroflabor.b. 4hoursoflabor.c. 4poundsofpotatoes.d. 1/4poundofpotatoes.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 16. RefertoTable3-1.Theopportunitycostof1poundofmeatfortherancherisa. 4hoursoflabor.b. 5hoursoflabor.c. 4/5poundsofpotatoes.d. 5/4poundsofpotatoes.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 17. RefertoTable3-1.Theopportunitycostof1poundofpotatoesforthefarmerisa. 8hoursoflabor.b. 2hoursoflabor.c. 4poundsofmeat.d. 1/4poundofmeat.ANS:D PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 18. RefertoTable3-1.Theopportunitycostof1poundofpotatoesfortherancherisa. 5hoursoflabor.b. 4hoursoflabor.c. 5/4poundsofmeat.d. 4/5poundofmeat.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 19. RefertoTable3-1.Thefarmerhasanabsoluteadvantageina. meat,andtherancherhasanabsoluteadvantageinpotatoes.b. potatoes,andtherancherhasanabsoluteadvantageinmeat.c. meat,andtherancherhasanabsoluteadvantageinmeat.d. neithergood,andtherancherhasanabsoluteadvantageinbothgoods.ANS:B PTS:1 DIF:2 REF:3-2TOP:Absoluteadvantage MSC: Applicative 20. RefertoTable3-1.Therancherhasanabsoluteadvantageina. bothgoods,andthefarmerhasacomparativeadvantageinmeat.b. bothgoods,andthefarmerhasacomparativeadvantageinpotatoes.c. meat,andthefarmerhasacomparativeadvantageinpotatoes.d. meat,andthefarmerhasacomparativeadvantageinneithergood.ANS:C PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 21. RefertoTable3-1.Thefarmerhasanabsoluteadvantageina. potatoes,andtherancherhasacomparativeadvantageinmeat.b. meat,andtherancherhasacomparativeadvantageinpotatoes.c. neithergood,andtherancherhasacomparativeadvantageinpotatoes.d. neithergood,andtherancherhasacomparativeadvantageinmeat.ANS:A PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 22. RefertoTable3-1.Therancherhasacomparativeadvantageina. neithergood,andthefarmerhasacomparativeadvantageinbothgoods.b. bothgoods,andthefarmerhasacomparativeadvantageinneithergood.c. potatoes,andthefarmerhasacomparativeadvantageinmeat.d. meat,andthefarmerhasacomparativeadvantageinpotatoes.ANS:D PTS:1 DIF:2 REF:3-2TOP:Comparativeadvantage MSC:Applicative 23. RefertoTable3-1.Thefarmerandtherancherbothcouldbenefitifthefarmerweretospecializeina. meatandtherancherweretospecializeinpotatoes.b. potatoesandtherancherweretospecializeinmeat.c. neithergoodandtherancherweretospecializeinbothgoods.d. noneoftheabove;theycannotbothbenefitbyspecializationandtrade.ANS:B PTS:1 DIF:2 REF:3-2TOP:Specialization|Trade MSC: ApplicativeFigure3-1 24. RefertoFigure3-1.IfPauldivideshistimeequallybetweencornandwheat,hewillbeabletoproducea. 2bushelsofwheatand2bushelsofcorn.b. 3bushelsofwheatand3bushelsofcorn.c. 4bushelsofwheatand5bushelsofcorn.d. 4bushelsofwheatand6bushelsofcorn.ANS:C PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 25. RefertoFigure3-1.Theopportunitycostof1bushelofwheatforCliffisa. 1/3bushelofcorn.b. 2/3bushelofcorn.c. 1bushelofcorn.d. 3/2bushelsofcorn.ANS:B PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 26. RefertoFigure3-1.Theopportunitycostof2bushelsofcornforCliffisa. 2bushelsofwheat.b. 3bushelsofwheat.c. 6bushelsofwheat.d. 12bushelsofwheat.ANS:B PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 27. RefertoFigure3-1.Theopportunitycostof1bushelofcornisa. 4/5bushelofwheatforPauland3/2bushelsofwheatforCliff;thus,Paulhasthecomparativeadvantageingrowingcorn.b. 4/5bushelofwheatforPauland3/2bushelsofwheatforCliff;thus,Cliffhasthecomparativeadvantageingrowingcorn.c. 5/4bushelsofwheatforPauland2/3bushelofwheatforCliff;thus,Paulhasthecomparativeadvantageingrowingcorn.d. 5/4bushelsofwheatforPauland2/3bushelofwheatforCliff;thus,Cliffhasthecomparativeadvantageingrowingcorn.ANS:A PTS:1 DIF:3 REF:3-2TOP:Opportunitycost|Comparativeadvantage MSC: Applicative 28. RefertoFigure3-1.AssumebothPaulandCliffdividetheirtimeequallybetweentheproductionofcornandwheat,andtheydonottrade.Iftheyaretheonlyproducersofwheatandcorn,thentotalproductionofwheatandcornisa. 8bushelsofwheatand7bushelsofcorn.b. 7bushelsofwheatand6bushelsofcorn.c. 6bushelsofwheatand8bushelsofcorn.d. 7bushelsofwheatand7bushelsofcorn.ANS:D PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 29. RefertoFigure3-1.AssumeCliffandPaulwerebothproducingwheatandcorn,andeachpersonwasdividinghistimeequallybetweenthetwo.Theneachdecidestospecializeintheproductinwhichhehasacomparativeadvantage.Asaresultofthischange,totalproductionofcornwoulda. increaseby1bushel.b. increaseby3bushels.c. increaseby5bushels.d. decreaseby2bushels.ANS:B PTS:1 DIF:3 REF:3-2TOP:Comparativeadvantage MSC:Applicative 30. RefertoFigure3-1.AssumeCliffandPaulwerebothproducingwheatandcorn,andeachpersonwasdividinghistimeequallybetweenthetwo.Theneachdecidestospecializeintheproductinwhichhehasacomparativeadvantage.Furthermore,theyagreetotrade3bushelsofwheatfor3bushelsofcorn.Asaresultofthesenewarrangements,Cliffisabletoconsumea. 4bushelsofwheatand3bushelsofcorn,andthispointliesonCliff’sproductionpossibilitiesfrontier.b. 3bushelsofwheatand3bushelsofcorn,andthispointliesoutsideofCliff’sproductionpossibilitiesfrontier.c. 3bushelsofwheatand2bushelsofcorn,andthispointliesonCliff’sproductionpossibilitiesfrontier.d. 4bushelsofwheatand3bushelsofcorn,andthispointliesoutsideofCliff’sproductionpossibilitiesfrontier.ANS:B PTS:1 DIF:3 REF:3-2TOP:Comparativeadvantage|Specialization|Trade MSC:Analytical 31. RefertoFigure3-1.Whichofthefollowingstatementsiscorrecta. Paulhasanabsoluteadvantageinbothwheatandcorn.b. PaulhasanabsoluteadvantageinwheatandCliffhasanabsoluteadvantageincorn.c. CliffhasanabsoluteadvantageinwheatandPaulhasanabsoluteadvantageincorn.d. Cliffhasanabsoluteadvantageinbothwheatandcorn.ANS:A PTS:1 DIF:2 REF:3-2TOP:Absoluteadvantage MSC: Applicative 32. RefertoFigure3-1.Whichofthefollowingstatementsiscorrecta. Paulhasacomparativeadvantageinbothwheatandcorn.b. PaulhasacomparativeadvantageinwheatandCliffhasacomparativeadvantageincorn.c. CliffhasacomparativeadvantageinwheatandPaulhasacomparativeadvantageincorn.d. Cliffhasacomparativeadvantageinbothwheatandcorn.ANS:C PTS:1 DIF:2 REF:3-2TOP:Comparativeadvantage MSC:Applicative 33. RefertoFigure3-1.SupposePaulmustwork2hourstoproduceeachbushelofcorn.ThenPaul’sproductionpossibilitiesfrontierisbasedonhowmanyhoursofworka. hoursb. 5hoursc. 10hoursd. 20hoursANS:D PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 34. RefertoFigure3-1.SupposePaulmustwork2hourstoproduceeachbushelofcorn.ThenPaula. mustworkhourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.b. mustworkhourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.c. mustworkhourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.d. mustworkhourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.ANS:C PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier|Opportunitycost MSC:Analytical 35. RefertoFigure3-1.SupposeCliffmustwork5hourstoproduceeachbushelofcorn.ThenCliff’sproductionpossibilitiesfrontierisbasedonhowmanyhoursofworka. hoursb. hoursc. 15hoursd. 20hoursANS:D PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 36. RefertoFigure3-1.SupposeCliffmustwork5hourstoproduceeachbushelofcorn.ThenCliffa. mustwork31/3hourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornis2/3bushelofwheat.b. mustwork31/3hourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.c. mustworktoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisapproximately2/3bushelofwheat.d. mustworkhourstoproduceeachbushelofwheat,andhisopportunitycostofabushelofcornisbushelsofwheat.ANS:B PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier|Opportunitycost MSC:AnalyticalFigure3-2 37. RefertoFigure3-2.ForBen,theopportunitycostof1poundoficecreamisa. 1/14poundofcones.b. 1/2poundofcones.c. 2poundsofcones.d. 4poundofcones.ANS:D PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 38. RefertoFigure3-2.ForJerry,theopportunitycostof1poundoficecreamisa. 1/3poundofcones.b. 2/3poundofcones.c. 3/2poundsofcones.d. 2poundsofcones.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 39. RefertoFigure3-2.ForBen,theopportunitycostof1poundofconesisa. 1/4poundoficecream.b. 1/2poundoficecream.c. 2poundsoficecream.d. 4poundsoficecream.ANS:A PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 40. RefertoFigure3-2.ForJerry,theopportunitycostof1poundofconesisa. 1/3poundoficecream.b. 2/3poundoficecream.c. 3/2poundsoficecream.d. 2poundsoficecream.ANS:B PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 41. RefertoFigure3-2.Benhasacomparativeadvantageina. conesandJerryhasacomparativeadvantageinicecream.b. icecreamandJerryhasacomparativeadvantageincones.c. neithergoodandJerryhasacomparativeadvantageinbothgoods.d. bothgoodsandJerryhasacomparativeadvantageinneithergood.ANS:A PTS:1 DIF:2 REF:3-2TOP:Comparativeadvantage MSC:Applicative 42. RefertoFigure3-2.Benhasanabsoluteadvantageina. icecreamandJerryhasanabsoluteadvantageincones.b. conesandJerryhasanabsoluteadvantageinicecream.c. neithergoodandJerryhasanabsoluteadvantageinbothgoods.d. bothgoodsandJerryhasanabsoluteadvantageinneithergood.ANS:B PTS:1 DIF:2 REF:3-2TOP:Absoluteadvantage MSC: Applicative 43. RefertoFigure3-2.Benhasanabsoluteadvantageina. neithergoodandhehasacomparativeadvantageinneithergood.b. neithergoodandhehasacomparativeadvantageincones.c. conesandhehasacomparativeadvantageincones.d. icecreamandhehasacomparativeadvantageinicecream.ANS:C PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 44. RefertoFigure3-2.Jerryhasanabsoluteadvantageina. bothgoodsandBenhasacomparativeadvantageinicecream.b. neithergoodandBenhasacomparativeadvantageincones.c. icecreamandBenhasacomparativeadvantageinicecream.d. icecreamandBenhasacomparativeadvantageincones.ANS:D PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 45. RefertoFigure3-2.SupposeBenandJerryhavebothdecidedtoproduceatpointAontheirrespectiveproductionpossibilitiesfrontiers.Weknowthata. neitherBen’swell-beingnorJerry’swell-beingcouldbeimprovedasaresultoftradebetweenthetwo.b. tradebetweenthetwocouldbenefitBenbutnotJerry.c. tradebetweenthetwocouldbenefitJerrybutnotBen.d. BenandJerryarebothallocating1/2oftheirtimetotheproductionofeachgood.ANS:D PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 46. RefertoFigure3-2.Originally,BenwasproducingathispointAandJerrywasproducingathispointA.Then,eachpersondecidedtospecializeintheproductinwhichhehasacomparativeadvantage.Furthermore,theyagreedtotrade4poundsofconesfor2poundsoficecream.Asaresultofthesenewarrangements,thegainsfromtraderelativetotheoriginalsituationareasfollows:a. 1additionalpoundofconesforBenand1additionalpoundoficecreamforJerry.b. 1additionalpoundoficecreamforBenand1additionalpoundofconesforJerry.c. 2additionalpoundsoficecreamforBenand2additionalpoundsofconesforJerry.d. 2additionalpoundsoficecreamforBenand1additionalpoundofconesforJerry.ANS:B PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier|Specialization|Trade MSC:Analytical 47. RefertoFigure3-2.SupposeBen’sproductionpossibilitiesfrontierisbasedon4hoursofwork.HowmuchtimedoesBenrequiretoproduce1poundoficecreama. 1/2hourb. 1hourc. 2hoursd. Theanswercannotbedeterminedfromthegiveninformation.ANS:C PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 48. RefertoFigure3-2.SupposeJerry’sproductionpossibilitiesfrontierisbasedon4hoursofwork.Jerryrequiresa. 1/4hourtoproduce1poundoficecreamand3/8hourtoproduce1poundofcones.b. 1/2hourtoproduce1poundoficecreamand3/4hourtoproduce1poundofcones.c. 1hourtoproduce1poundoficecreamand2/3hourtoproduce1poundofcones.d. 1hourtoproduce1poundoficecreamand3/2hourstoproduce1poundofcones.ANS:C PTS:1 DIF:2 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 49. RefertoFigure3-2.SupposeBen’sproductionpossibilitiesfrontierisbasedon4hoursofworkandthesametrueisforJerry’s.Thena. Benrequires2hourstoproduceapoundoficecreamandJerryrequires40minutestoproduceapoundofcones.b. ifBenworked1hourproducingicecreamand3hoursproducingcones,andifJerryworked3hoursproducingicecreamand1hourproducingcones,totaloutputwouldbepoundsoficecreamandpoundsofcones.c. ifeachpersonworked4hours,specializingintheactivityinwhichhehasacomparativeadvantage,totaloutputwouldbe4poundsoficecreamand8poundsofcones.d. Alloftheabovearecorrect.ANS:D PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier|Specialization MSC:ApplicativeForthefollowingquestion(s),usetheaccompanyingtable.Table3-2LaborHoursneededtomakeoneAmountproducedin90hours:QuiltDressQuiltsDressesHelen50109Carolyn904512 50. RefertoTable3-2.ForHelen,theopportunitycostof1quiltisa. dresses.b. 2dresses.c. dresses.d. 5dresses.ANS:D PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 51. RefertoTable3-2.ForCarolyn,theopportunitycostof1quiltisa. dresses.b. 1dress.c. 2dresses.d. 3dresses.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 52. RefertoTable3-2.ForHelen,theopportunitycostof1dressisa. 1/5quilt.b. 1/4quilt.c. 2quilts.d. 5quilts.ANS:A PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 53. RefertoTable3-2.ForCarolyn,theopportunitycostof1dressisa. 5quilts.b. 4quilts.c. 1/2quilt.d. 1/10quilt.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 54. RefertoTable3-2.Helenhasacomparativeadvantageina. quiltsandCarolynhasanabsoluteadvantageinneithergood.b. dressesandCarolynhasanabsoluteadvantageinquilts.c. quiltsandCarolynhasanabsoluteadvantageindresses.d. dressesandCarolynhasanabsoluteadvantageinneithergood.ANS:D PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 55. RefertoTable3-2.Helenhasanabsoluteadvantageina. dressesandCarolynhasanabsoluteadvantageinquilts.b. quiltsandCarolynhasacomparativeadvantageindresses.c. bothgoodsandCarolynhasacomparativeadvantageinquilts.d. neithergoodandCarolynhasacomparativeadvantageindresses.ANS:C PTS:1 DIF:3 REF:3-2TOP:Absoluteadvantage|Comparativeadvantage MSC:Applicative 56. RefertoTable3-2.Helenhasacomparativeadvantageina. dressesandCarolynhasacomparativeadvantageinquilts.b. quiltsandCarolynhasacomparativeadvantageindresses.c. neithergoodandCarolynhasacomparativeadvantageinbothgoods.d. bothgoodsandCarolynhasacomparativeadvantageinneithergood.ANS:A PTS:1 DIF:2 REF:3-2TOP:Comparativeadvantage MSC:Applicative 57. RefertoTable3-2.WecouldusetheinformationinthetabletodrawaproductionpossibilitiesfrontierforHelenandasecondproductionpossibilitiesfrontierforCarolyn.Ifweweretodothis,measuringquiltsalongthehorizontalaxis,thena. theslopeofHelen’sproductionpossibilitiesfrontierwouldbeandtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe.b. theslopeofHelen’sproductionpossibilitiesfrontierwouldbe-5andtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe-2.c. theslopeofHelen’sproductionpossibilitiesfrontierwouldbeandtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe.d. theslopeofHelen’sproductionpossibilitiesfrontierwouldbe5andtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe2.ANS:B PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier MSC:Applicative 58. RefertoTable3-2.WecouldusetheinformationinthetabletodrawaproductionpossibilitiesfrontierforHelenandasecondproductionpossibilitiesfrontierforCarolyn.Ifweweretodothis,measuringdressesalongthehorizontalaxis,thena. theslopeofHelen’sproductionpossibilitiesfrontierwouldbeandtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe.b. theslopeofHelen’sproductionpossibilitiesfrontierwouldbe-5andtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe-2.c. theslopeofHelen’sproductionpossibilitiesfrontierwouldbeandtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe.d. theslopeofHelen’sproductionpossibilitiesfrontierwouldbe5andtheslopeofCarolyn’sproductionpossibilitiesfrontierwouldbe2.ANS:A PTS:1 DIF:3 REF:3-2TOP:Productionpossibilitiesfrontier MSC:ApplicativeThesegraphsillustratetheproductionpossibilitiesavailabletoFredandGingerwitheachpersonworking40hours.Figure3-3 59. RefertoFigure3-3.Theopportunitycostof1pairoftapshoesforFredisa. 1/3pairofballetslippers.b. 1/5pairofballetslippers.c. 3/5pairofballetslippers.d. 5/3pairsofballetslippers.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 60. RefertoFigure3-3.Theopportunitycostof1pairoftapshoesforGingerisa. 1/4pairofballetslippers.b. 1/3pairofballetslippers.c. 3/4pairofballetslippers.d. 4/3pairsofballetslippers.ANS:D PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 61. RefertoFigure3-3.Theopportunitycostof1pairofballetslippersforGingerisa. 1/4pairoftapshoes.b. 1/3pairoftapshoes.c. 3/4pairoftapshoes.d. 4/3pairsoftapshoes.ANS:C PTS:1 DIF:2 REF:3-2TOP:Opportunitycost MSC: Applicative 62. RefertoFigure3-3.Theopportunitycostof1pairofballetslippersforFredisa. 1/3pairoftapshoes.b. 1/5pairoftapshoes.c. 3/5pair