Use the Figure Below to Answer the Following Questions

question 128

Multiple Choice

Use the figure below to answer the following questions.
Table 2.3.1
The planets of Vulcan and Romulus each produce goods X and Y.
The following table gives points on their production possibilities frontiers.
-Refer to Table 2.3.1.For Vulcan,the opportunity cost of producing an additional unit of X is

• A)4 units of Y.
• B)2 units of Y.
• C)2/3 units of Y.
• D)1 unit of Y.
• E)zero.

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Definitions:

Government Allows

refers to the permissions or regulations established by a government that enable or restrict certain activities or operations.

Private Ownership

The ownership of assets, properties, or businesses by individuals or corporations rather than the government or public entities.

Values

Core beliefs or principles that guide an individual's or society's behaviors, decisions, and actions.

Transaction

Any agreement or exchange between two parties where goods, services, or money are passed from one to the other.