Match the Person or Term with the with the Correct

question 56

Multiple Choice

Match the person or term with the with the correct description.
-Orval Faubus

• A)The Affluent Society
• B)Checkers speech
• C)chief justice of the Supreme Court
• D)founder of McDonald's
• E)NAACP lawyer
• F)conservative economist
• G)The Lonely Crowd
• H)Little Rock Central High School
• I)Vietnamese leader
• J)builder of suburbia
• K)Beat writer
• L)Catholic presidential candidate

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Definitions:

Opportunity Cost

The value of the next best alternative forgone as the result of making a decision.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, technology).

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, leading to greater output with the same resources.

Herring

A small, silver-colored fish commonly found in the temperate waters of the North Atlantic, a significant source of food globally.