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

question 339

Multiple Choice

$$\begin{array} { | l | l | l | } \hline \text { Point } & \begin{array} { l } \text { Production of } \\X\end{array} & \begin{array} { l } \text { Production of } \\Y\end{array} \\\hline \text { A } & 0 & 40 \\\hline B & 3 & 36 \\\hline \text { C } & 6 & 28 \\\hline \text { D } & 9 & 16 \\\hline \text { E } & 12 & 0 \\\hline\end{array}$$
-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) 3 units of good X per unit of good Y
• B) 1/4 unit of good X per unit of good Y
• C) 4 units 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:

Bodily-kinesthetic

Refers to the ability to coordinate and use one's body in skilled and complicated physical movements; often associated with physical activity and performance.

Crystallized Intelligence

The capability to apply acquired knowledge and past experiences.

Jensen

A reference to Arthur Jensen, a psychologist known for his work in the field of psychometrics and intelligence testing, often associated with controversial discussions on intelligence and race.

Wechsler

Refers to David Wechsler, a psychologist known for developing a series of standardized tests to assess human intelligence, including the Wechsler Adult Intelligence Scale (WAIS).