Question

The Dornbusch-Fischer-Samuelson model comes from a paper titled first for this concept that extends the classical idea of it to a continuum of goods. Gottfried Haberler’s work on this concept, which Robert Torrens independently discovered, detached it from the earlier labor theory of value. A “revealed” (-5[1])form of this economic concept, (-5[2])which is defined by the Balassa (-5[1])index, is based on flows of goods. (-5[1])A theory that this concept is the (*) main driver of gains from trade, even if one country has higher (10[1])efficiency in all (-5[1])goods, was illustrated with examples of English cloth (10[2])and Portuguese wine by David Ricardo. For 10 points, name this economic state of having a lower opportunity (10[1])cost and so being best placed to produce a certain (10[1])good, unlike in (10[1])an “absolute” form. ■END■ (10[3])

ANSWER: comparative advantage [prompt on opportunity cost; prompt on specialization; do not accept or prompt on “absolute advantage” or “advantage”]
<Benjamin McAvoy-Bickford, Social Science>
= Average correct buzz position

Summary

2023 Penn Bowl (Harvard)10/21/2023Y1100%0%100%128.00
2023 Penn Bowl (Mainsite)10/21/2023Y1100%0%0%82.00
2023 Penn Bowl @ Waterloo10/28/2023Y1100%0%100%128.00
2023 Penn Bowl (UK)10/28/2023Y5100%0%60%109.20
2023 Penn Bowl @ UNC10/28/2023Y1100%0%100%124.00

Buzzes

PlayerTeamOpponentBuzz PositionValue
Parth JagtapEdinburghBroken Hearts45-5
Henry AtkinsLibrary of Babel School of Continuing StudiesToronto Weary50-5
Peter BerggrenMITBrown50-5
Maxwell YeTabearnacleBetrayed by Rita Izzatdust56-5
Enoch Yuen3HK1MMFour Neg Omelette63-5
Lexi TermanRutgersCornell B8210
Graham TroyUNC BUNC A85-5
Claire JonesScottish, Irish, Both or Neither10 Negs that Shook the Quiz9310
Aidan TeeYes, ModeratorOld London Town9310
Ben Russell JonesFour Neg Omelette3HK1MM11110
Agnijo BannerjeeBetrayed by Rita IzzatdustTabearnacle12110
Vincent DuUNC AUNC B12410
Gareth ThorlaksonToronto WearyLibrary of Babel School of Continuing Studies12810
Mason YuBrownMIT12810
Ian BayleyBroken HeartsEdinburgh12810