To Next three questions will be based on the following information: 33 عرب 3 39. 40. 41. Labour required In country N In country S 1 computer • 10 40 1 sack of rice 16 15 て 20 The common relative price at which trade will take place between countries N and S in computer a rice is (a) Below 2/3 (c) Between 2/3 and 2 Which among the following is an incorrect statement (b) Above 2 (Insufficient information (a) N has absolute advantage in production of computer (b) N has absolute advantage in production of sack of rice (c) N has comparative advantage in production of rice N has comparative advantage in production of computer 12 If two balanced dice are rolled, the sum of dots obtained is even with probability: (a) 1/2 (c) 3/8 (b) 1/4 (d) 1/3 201
To Next three questions will be based on the following information: 33 عرب 3 39. 40. 41. Labour required In country N In country S 1 computer • 10 40 1 sack of rice 16 15 て 20 The common relative price at which trade will take place between countries N and S in computer a rice is (a) Below 2/3 (c) Between 2/3 and 2 Which among the following is an incorrect statement (b) Above 2 (Insufficient information (a) N has absolute advantage in production of computer (b) N has absolute advantage in production of sack of rice (c) N has comparative advantage in production of rice N has comparative advantage in production of computer 12 If two balanced dice are rolled, the sum of dots obtained is even with probability: (a) 1/2 (c) 3/8 (b) 1/4 (d) 1/3 201
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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