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1

Refer to Table 10.13 to answer this question. What is the cost of producing one sword in Rings?
A)4 broomsticks
B)0.25 broomstick
C)0.67 broomstick
D)1.5 broomsticks
2

Refer to Table 10.13 to answer this question. What is the cost of producing one broomstick in Potter?
A)2 swords
B)0.5 sword
C)0.33 sword
D)3 swords
3

Refer to Table 10.13 to answer this question. Supposing that there are 200 workers in Rings, how many broomsticks could be produced if 200 swords were produced?
A)40 broomsticks
B)50 broomsticks
C)150 broomsticks
D)160 broomsticks
4

Refer to Table 10.13 to answer this question. Supposing that there are 200 workers in Potter, how many swords could be produced if 540 broomsticks were produced?
A)0 swords
B)110 swords
C)120 swords
D)330 swords
5

Refer to Table 10.13 to answer this question. Supposing that there are 200 workers each in Rings and Potter. If, originally, half the workers were employed in each industry, what would be the gains from trade if the countries completely specialized in the products in which they have a comparative advantage?
A)+ 200 broomsticks, - 100 swords
B)+ 200 broomsticks, + 100 swords
C)+ 500 broomsticks, + 100 swords
D)+ 700 broomsticks, + 700 swords





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