-The Above Table Shows Production Combinations on a Country's Production

question 332

Multiple Choice

-The above table shows production combinations on a country's production possibilities frontier. What is the opportunity cost of one unit of Y when the production of good Y increases from 16 to 28 units?

• A) 4 units of good X per unit of good Y
• B) 3 units of good X per unit of good Y
• C) 1/4 unit of good X per unit of good Y
• D) There is no opportunity cost when moving from one point to another along a production possibilities frontier.

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Definitions:

Executed Prisoners

Individuals who have been put to death as a result of being convicted of certain crimes, under the authority of a legal system.

China

A country in East Asia, known as the world's most populous country, with a rich history, diverse culture, and significant global influence.

United States

A country in North America comprising 50 states, known for its influential role in global affairs, economy, and culture.