Use the Following Scenario to Answer Thefollowing Questions

question 142

Multiple Choice

Use the following scenario to answer thefollowing questions:
An economy has two workers,Smith and Ricardo.Each day they work,Smith can produce 4 computers or 16 smartphones,and Ricardo can produce 6 computers or 12 smartphones.
-The opportunity cost for Smith to produce one smartphone is ________ computer(s) .

• A) one-quarter of a
• B) one-half of a
• C) one
• D) two
• E) four

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Definitions:

Race Relations

The interactions and dynamics between people of different racial backgrounds in a given society.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly, disabled, and families with dependent children.

Unmarried Women

Refers to women who are not legally married, highlighting their social, legal, and economic status which varies historically and culturally.

Nonwhites

A term used to describe individuals not classified as white, often used in the context of discussing racial and ethnic diversity and disparities.