Related to the Economics in Practice on Page 6: the Opportunity

question 60

Multiple Choice

Related to the Economics in Practice on page 6: The opportunity cost to Mattel of having its Barbie doll assembled in China is

• A) the low wages paid to Chinese workers.
• B) the $2 export value the doll carries when it leaves Hong Kong.
• C) the $8 of its $10 retail value which is captured in the United States.
• D) having the Barbie doll assembled in the next best available location.

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Definitions:

Seasonal Affective Disorder

A type of depression that occurs at a certain time of year, usually in winter, related to changes in light exposure.

Chronic Depression

A persistent state of depression lasting for an extended period, often characterized by low mood, low self-esteem, and loss of interest or pleasure in normally enjoyable activities.

Bipolar II

A bipolar disorder characterized by patterns of depressive episodes and hypomanic episodes, but not the full-blown manic episodes that are typical of Bipolar I.

Heroin

An opioid drug derived from morphine, highly addictive and illegal, commonly associated with serious public health issues.