Enable text based alternatives for graph display and drawing entry

Try Another Version of These Questions

Question 1

The following table describes production possibilities for Norway and Russia. Each number in the table shows the number of workers needed to produce one unit of the product.

Countrycomputersdishwashers
Norway118
Russia1015

Suppose that both countries have 90 workers. What is the opportunity cost of producing computers in Norway?

dishwashers

 

Hint


Question 2
What is the opportunity cost of producing dishwashers in Norway?

computers

 

Hint


Question 3
What is the opportunity cost of producing computers in Russia?

dishwashers

 

Hint


Question 4
What is the opportunity cost of producing dishwashers in Russia?

computers

 

Hint


Question 5
Which country has an absolute advantage in producing computers?

 

Hint


Question 6
Which country has an absolute advantage in producing dishwashers?

 

Hint


Question 7
Which country has a comparative advantage in producing dishwashers?

 

Hint


Question 8
Which country has a comparative advantage in producing computers?

 

Hint


Question 9
Which country should be specializing in the production of dishwashers?

 

Hint


Question 10
Which country should be specializing in the production of computers?

 

Hint


Question 11
Which country should be exporting computers?

 

Hint


Question 12
Which country should be exporting dishwashers?

 

Hint


Question 13
Suppose that Norway takes all of their workers to produce computers. How much of the product can they produce?

 

Hint


Question 14
Suppose that Norway takes all of their workers to produce dishwashers. How much of the product can they produce?

 

Hint


Question 15
Suppose that Russia takes all of their workers to produce computers. How much of the product can they produce?

 

Hint


Question 16
Suppose that Russia takes all of their workers to produce dishwashers. How much of the product can they produce?

 

Hint