Use the Figure Below to Answer the Following Questions

question 154

Multiple Choice

use the figure below to answer the following questions :

-The opportunity cost of increasing the production of apple pies from 12 to 14 pies is ________ pies.

• A) 2 blueberry
• B) 14 apple
• C) 7 blueberry
• D) 4 blueberry
• E) 2 apple

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Definitions:

Labor Force

The total number of people available to work, including those currently employed and those actively seeking employment, within a particular economy.

Skills Demand

The requirement by employers for specific skills or qualifications from the workforce to fulfill job roles.

Structural Unemployment

A form of unemployment caused by fundamental changes in the economy that reduce the demand for certain skills or labor.

Petroleum Refinery

A processing plant where crude oil is transformed into various usable petroleum products such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas.