-In the Table Above, Country B Is Producing 4 Units

question 156

Multiple Choice

-In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of Y is

• A) 3 units of X.
• B) 1/2 unit of X.
• C) 2/3 unit of X.
• D) 2 units of X.

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Definitions:

Franklin D Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for leading the country during the Great Depression and World War II with policies including the New Deal.

Latin America

A region in the Western Hemisphere, south of the United States, encompassing countries in Central and South America as well as the Caribbean, distinguished by Romance languages and cultural ties.

Farm Security Administration

A New Deal agency created in 1937 to combat rural poverty during the Great Depression in the United States.

Tenant Farmers

Individuals who rent land to farm from a landlord.