国际金融英文chapter 1--03版(4)

作业

TABLE 1.1

Use the information in the table to answer the following question(s).

5) Refer to Table 1.1. A production unit in Austria has a/an ________ over a production unit in Russia in ________.

A) absolute disadvantage; digital cameras

B) absolute disadvantage; snowboards

C) absolute advantage; both cameras and snowboards

D) none of the above

Answer: C

Diff: 2

Topic: 1.2 Comparative Advantage

Skill: Conceptual

6) Refer to Table 1.1. Austria has a larger relative advantage over Russia in the production of ________ at a ratio of ________.

A) snowboards; 5 to 4

B) cameras; 8 to 3

C) snowboards; 8 to 3

D) cameras; 3 to 8

Answer: B

Diff: 2

Topic: 1.2 Comparative Advantage

Skill: Conceptual

7) Refer to Table 1.1. Assume no trade between Russia and Austria. If each country put 50% of their production units into each product, the total number of snowboards and digital cameras produced by the two countries combined are ________ and ________.

A) 15,000 snowboards; 3,000 digital cameras

B) 6,000 snowboards; 4,000 digital cameras

C) 2,750 digital cameras; 6,750 snowboards

D) 15,000 digital cameras; 1,000 snowboards

Answer: C

Diff: 2

Topic: 1.2 Comparative Advantage

Skill: Analytical

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