QUESTION 1

The fastest microprocessors in the world are made in Japan.

1. absolute advantage
2. comparative advantage

QUESTION 2

Saudi Arabia's access to inexpensive oil gives them the ability to produce chemicals at a lower cost than the United States. _____

1. absolute advantage
2. comparative advantage

QUESTION 3

Jennifer can fold laundry faster than Steve. ______

1. absolute advantage
2. comparative advantage

QUESTION 4

Mary broke a world record in the 100 meter dash and is considered the fast woman on earth. ______

1. absolute advantage
2. comparative advantage

QUESTION 5

American companies locate call centers in India due to the relatively low cost of labor. _____

1. absolute advantage
2. comparative advantage