DP Economics Questionbank
4.1.2 Absolute and comparative advantage
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[N/A]Directly related questions
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18M.3.HL.TZ0.3a:
Using the diagram, calculate the opportunity cost of producing one tonne of bananas in Country A.
- 18M.3.HL.TZ0.3b: Using information provided in the diagram to support your answer, determine which country should...
- 18M.3.HL.TZ0.3c: Distinguish between the terms absolute advantage and comparative advantage.
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18N.2.HL.TZ0.1a.ii:
Define the term comparative advantage indicated in bold in the text (paragraph [5]).
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19M.3.HL.TZ0.2a:
Sketch and label a diagram to illustrate comparative advantage between Country X and Country Y on Figure 4.
Figure 4
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19M.3.HL.TZ0.2b:
Outline the reason why Country X should specialize in the production of apples and Country Y should specialize in the production of bananas.
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20N.3.HL.TZ0.2f.i:
Plot and label the production possibility curves for Country J and for Country H, assuming constant opportunity costs, on Figure 4.
- 20N.3.HL.TZ0.2f.ii: Using the data and the concept of opportunity costs to support your answer, determine which good...
- 20N.3.HL.TZ0.2g: Explain two gains from trade that arise when Country J and Country H specialize according to...
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20N.2.HL.TZ0.4a.i:
Define the term absolute advantage indicated in bold in the text (paragraph [3]).
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21N.2.HL.TZ0.2c:
Using a production possibilities curve (PPC) diagram to illustrate comparative advantage, explain why the EU would export cars to Indonesia and Indonesia would export clothing to the EU (paragraph [2]).
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22M.1.HL.TZ0.3a:
Countries often specialize and trade according to the theory of comparative advantage. Explain the limitations of this approach.
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22M.2.HL.TZ0.1d:
Using a production possibilities curve (PPC) diagram to show comparative advantage, explain why Vietnam would export seafood to Japan while Japan would export machinery to Vietnam (Text B, paragraph [1]).
