Consider Two Points on the PPF: Point A,at Which There

question 112

Multiple Choice

Consider two points on the PPF: point A,at which there are 50 oranges and 100 apricots,and point B,at which there are 51 oranges and 98 apricots.If the economy is currently at point B,the opportunity cost of moving to point A is

• A)2 apricots.
• B)1 orange.
• C)98 apricots.
• D)3 oranges.

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Definitions:

Employers

Individuals or entities that hire and pay people to work for them, either on a permanent or temporary basis.

Older Workers

Individuals in the workforce beyond the traditional retirement age, often considered to be those aged 50 and over.

Work Ethic

The principle that hard work is intrinsically virtuous or worthy of reward, emphasizing diligence, reliability, and a dedication to completing tasks.

Lower Income

A relative measure indicating a group or individual who earns less than the median or average income within a given society.