Sec_All_True_False_Ch_3_

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1、True/False1. Inmostcountriestoday,manygoodsandservicesconsumedareimportedfromabroad,andmanygoodsandservicesproducedareexportedtoforeigncustomers. a. True b. FalseANSWER:  TrueDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.089-Evaluatethepotentialgainsfromtradeusi

2、ngcomparativeandabsoluteadvantage.TOPICS:  InternationaltradeKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  001.03-TF-MANK082. Interdependenceamongindividualsandinterdependenceamongnationsarebothbasedonthegainsfromtrade. a. True b. FalseANSWER:  TrueDIFFICULTY:  ModerateL

3、EARNING OBJECTIVES:  ECON.MANK.089-Evaluatethepotentialgainsfromtradeusingcomparativeandabsoluteadvantage.TOPICS:  InternationaltradeKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  002.03-TF-MANK083. Ifapersonchoosesself-sufficiency,thenshecanonlyconsumewhatsheproduces

4、. a. True b. FalseANSWER:  TrueDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.089-Evaluatethepotentialgainsfromtradeusingcomparativeandabsoluteadvantage.TOPICS:  EconomicthinkingKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  003.03-TF-MANK084. IfWrexcanproducemoremathpr

5、oblemsperhourandmorebookreportsperhourthanMaxinecan,thenWrexcannotgainfromtradingmathproblemsandbookreportswithMaxine. a. True b. FalseANSWER:  FalseDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.089-Evaluatethepotentialgainsfromtradeusingcomparativeandabsolu

6、teadvantage.TOPICS:  InternationaltradeKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  004.03-TF-MANK08CopyrightCengageLearning.PoweredbyCognero.Page 195. Assumeafarmerhastheabilitytoproducecornand/orbeans.Wheneverthefarmerspends1hourlessproducingcornand1hourmoreproducin

7、gbeans,hereduceshisoutputofcornby2bushelsandraiseshisoutputofbeansby3bushels.Inviewoftheseassumptions,thefarmer’sproductionpossibilitiesfrontierisbowedout. a. True b. FalseANSWER:  FalseDIFFICULTY:  ModerateLEARNING OBJECTIVES:  ECON.MANK.037-Constructaproductionpo

8、ssibilitiesfrontier.TOPICS:  ProductionpossibilitiesmodelOpportunitycostKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  005.03-TF-MANK086. Toproduce1