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AP Microeconomics Mkt 2 A a Define Absolute Advantage and Comparative Advantage B Determine Using Data From Ppcs or Tables As Appropriate Absolute and Questions

Practise comparing output and labour requirements, calculating opportunity costs from tables or PPCs, and distinguishing absolute advantage from comparative advantage.

Syllabus
Effective Fall 2022
Course
AP Microeconomics

Exam points

  • identify absolute advantage from greater output with the same resources or fewer inputs per unit
  • calculate each producer's opportunity cost from output, labour-time, or PPC data
  • assign comparative advantage to the producer with the lower opportunity cost for each good
  • distinguish absolute from comparative advantage when one producer has higher output in both goods

AP Microeconomics Mkt 2 A a Define Absolute Advantage and Comparative Advantage B Determine Using Data From Ppcs or Tables As Appropriate Absolute and Questions question 1

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The graph shows the production possibilities curves for Northland and Southland.

Figure for Question AP Microeconomics Mkt 2 A a Define Absolute Advantage and Comparative Advantage B Determine Using Data From Ppcs or Tables As Appropriate Absolute and Questions question 1 — AP Microeconomics

Question (a)

(a)

Which country has a comparative advantage in producing wheat? Explain using numbers.

[ 1 ]

Question (b)

(b)

Southland's maximum possible output of wheat falls from 100 bushels to 75 bushels. Assuming no other changes, will Southland have a comparative advantage in producing cloth? Explain using numbers.

[ 1 ]
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