Economics Multiple Choice Question – 8 April 2022

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

Economics
Photo by Kelly Lacy on Pexels.com

The table shows the ability of two countries, P and Q, to produce two goods, Y and Z.

  production of Y per person   production of Z per person

•country P   1000   1600

•country Q   1500   2000

Which statement is correct?

Select ONE answer:

  1. P has an absolute advantage in Z and Q has a comparative advantage in Y.
  2. P has an absolute advantage in Z and Q has an absolute advantage in Y.
  3. P has a comparative advantage in Y and Q has an absolute advantage in Z.
  4. P has a comparative advantage in Z and Q has an absolute advantage in Y.

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct

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Author: stuart001uk2014

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

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