IB Economics HL 4.1.2 Absolute and comparative advantage Question Bank
Practise IB Economics HL 4.1.2 by applying absolute and comparative advantage concepts to exam-style questions.
- Syllabus
- First assessment 2022
- Course
- Economics HL
- Level
- HL
Exam points
- identify the relevant model, concept or evidence
- apply the correct subject framework to the question
- evaluate the result using clear evidence and subject terminology
4.1.2 (HL)—Absolute and comparative advantage question 1
Country X and Country Y are capable of producing both apples and bananas. Assume a two-country, two-product model.
Country Y has absolute advantage in the production of both apples and bananas, and comparative advantage in the production of bananas.
Question (a)
(a)
Sketch and label a diagram to illustrate comparative advantage between Country X and Country Y on Figure 4.
Figure 4
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Question (b)
(b)
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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