Economics Multiple Choice Question – 13 April 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics

The table below shows the number of labour hours daily that the two countries need to produce one unit of each of the two goods. Other factors of production are used in equal quantities in the two countries.

Table 53

Country X has a comparative advantage in coffee.

What is the missing number from the table?

Select ONE answer:

  1. 6
  2. Any number less than 6
  3. 20
  4. Any number greater than 20

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

  1. This would mean neither country having a comparative advantage in either good.
  2. Correct: It requires comparatively little labour to produce a unit of coffee.
  3. The missing figure has to show relatively few units of labour being used to produce a unit of coffee.
  4. The missing figure has to show relatively few units of labour being used to produce a unit of coffee

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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